city financial investment company limited beaufort house 15 st botolph street london ec3a 7hh tel 44 0 20 7556 8800 fax 8850 enquiries capitafinancial co uk authorised and regulated by the services authority funds annual report & statements 30 september 2004 annu al repor t 3 1city contents statement of acd s responsibilities 5 depositary 6 certification accounts directors independent auditors to shareholders 7 adviser 9 aggregated total return 11 movements in balance sheet 12 notes 13 3city international capital accumulator fund 56 net asset value per share comparative tables 59 status 60 61 portfolio 62 63 summary material changes 64 65 distribution table 72
