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Close Enhanced Commodities Fund II (LSE:CED2) Scaled Net Operating Assets : 1.07 (As of Dec. 2012)


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What is Close Enhanced Commodities Fund II Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Close Enhanced Commodities Fund II's operating assets for the quarter that ended in Dec. 2012 was £65.20 Mil. Close Enhanced Commodities Fund II's operating liabilities for the quarter that ended in Dec. 2012 was £0.04 Mil. Close Enhanced Commodities Fund II's Total Assets for the quarter that ended in Jun. 2012 was £60.74 Mil. Therefore, Close Enhanced Commodities Fund II's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2012 was 1.07.


Close Enhanced Commodities Fund II Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Close Enhanced Commodities Fund II's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2012 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2012 )
=(Operating Assets (A: Jun. 2012 )-Operating Liabilities (A: Jun. 2012 ))/Total Assets (A: Jun. 2011 )
=(60.737-0.045000000000002)/69.201
=0.88

where

Operating Assets(A: Jun. 2012 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=60.737 - 0
=60.737

Operating Liabilities(A: Jun. 2012 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.045000000000002 - 0 - 0
=0.045000000000002

Close Enhanced Commodities Fund II's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2012 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2012 )
=(Operating Assets (Q: Dec. 2012 )-Operating Liabilities (Q: Dec. 2012 ))/Total Assets (Q: Jun. 2012 )
=(65.196-0.039000000000001)/60.737
=1.07

where

Operating Assets(Q: Dec. 2012 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=65.196 - 0
=65.196

Operating Liabilities(Q: Dec. 2012 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.039000000000001 - 0 - 0
=0.039000000000001

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


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Close Enhanced Commodities Fund II (LSE:CED2) Business Description

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