AGXASINNOVATOR：AnnualFinancialReport.pdf

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1、 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC REPORTS AND AUDITED FINANCIAL STATEMENTS GLOBAL X CHINA CLEAN ENERGY ETF GLOBAL X CHINA CONSUMER BRAND ETF GLOBAL X CHINA ELECTRIC VEHICLE AND BATTERY ETF GLOBAL X CHINA ROBOTICS AND AI ETF GLOBAL X CHINA SEMICONDUCTOR ETF GLOBAL X CHINA GLOBAL LEADERS ETF

2、GLOBAL X CHINA INNOVATOR ACTIVE ETF GLOBAL X ASIA SEMICONDUCTOR ETF GLOBAL X CHINA E-COMMERCE AND LOGISTICS ETF GLOBAL X CHINA GAMES AND ENTERTAINMENT ETF GLOBAL X FINTECH ETF GLOBAL X AUTONOMOUS AND ELECTRIC VEHICLES ETF GLOBAL X ASIA INNOVATOR ACTIVE ETF FOR THE YEAR ENDED 31 MARCH 2024 GLOBAL X C

3、HINA MEDTECH ETF FOR THE PERIOD FROM 3 AUGUST 2023(DATE OF INCEPTION)TO 31 MARCH 2024 GLOBAL X ASIA USD INVESTMENT GRADE BOND ETF FOR THE PERIOD FROM 11 OCTOBER 2023(DATE OF INCEPTION)TO 31 MARCH 2024 GLBOAL X CHINA LITTLE GIANT ETF FOR THE PERIOD FROM 17 NOVEMBER 2023(DATE OF INCEPTION)TO 31 MARCH

4、2024 (SUB-FUNDS OF GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC)GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC CONTENTS Page Report of the custodian to the shareholders 1 Independent auditors report 2-8 Audited financial statements Statement of net assets 9-12 Statement of profit or loss and other comprehen

5、sive income 13-16 Statement of changes in net assets attributable to shareholders 17-20 Statement of cash flows 21-36 Notes to the financial statements 37-116 ESG Disclosure for Global X China Clean Energy ETF(unaudited)117 Investment portfolio(Unaudited)118 148 Statement of movements in investment

6、portfolio(Unaudited)149 178 Details in respect of financial derivative instruments(Unaudited)179 Holdings of Collateral(Unaudited)179 184 Performance record(Unaudited)185 189 Information on exposure arising from financial derivative instruments(Unaudited)190 Management and administration 191 IMPORTA

7、NT:Any opinion expressed herein reflects the Managers view only and is subject to change.For more information about the Global X Exchange Traded Funds Series OFC,please refer to the prospectus of Global X Exchange Traded Funds Series OFC which is available at our website:.Investors should not rely o

8、n the information contained in this report for their investment decisions.1 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC REPORT OF THE CUSTODIAN TO THE SHAREHOLDERS We hereby confirm that,in our opinion,Mirae Asset Global Investments(Hong Kong)Limited,the Manager of the Global X Exchange Traded Funds S

9、eries OFC(the“Company”)has,in all material respects,managed the Company,in accordance with the provisions of the OFCs Instrument of Incorporation.For the year ended 31 March 2024 1.Global X China Clean Energy ETF 2.Global X China Consumer Brand ETF 3.Global X China Electric Vehicle and Battery ETF 4

10、.Global X China Robotics and AI ETF 5.Global X China Semiconductor ETF 6.Global X China Global Leaders ETF 7.Global X China Innovator Active ETF 8.Global X Asia Semiconductor ETF 9.Global X China E-commerce and Logistics ETF 10.Global X China Games and Entertainment ETF 11.Global X FinTech ETF 12.Gl

11、obal X Autonomous and Electric Vehicles ETF 13.Global X Asia Innovator Active ETF For the period from 3 August 2023(date of inception)to 31 March 2024 14.Global X China MedTech ETF For the period from 11 October 2023(date of inception)to 31 March 2024 15.Global X Asia USD Investment Grade Bond ETF F

12、or the period from 17 November 2023(date of inception)to 31 March 2024 16.Global X China Little Giant ETF Cititrust Limited(the“Custodian”)26 July 2024 2 Independent Auditors Report To the Shareholders of Global X Exchange Traded Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Glob

13、al X China Consumer Brand ETF,Global X China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X

14、 China Games and Entertainment ETF,Global X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF and Global X China Little Giant ETF(collectively the“Sub-Funds”)(An umbrella open-ended fund

15、 company established under the laws of Hong Kong)Report on the Audit of the Financial Statements Opinion What we have audited The financial statements of Global X Exchange Traded Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X China Electr

16、ic Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Global X FinTech

17、 ETF,Global X Autonomous and Electric Vehicles ETF and Global X Asia Innovator Active ETF for the year ended 31 March 2024(the“year ended”),Global X China MedTech ETF for the period from 3 August 2023(date of inception)to 31 March 2024,Global X Asia USD Investment Grade Bond ETF for the period from

18、11 October 2023(date of inception)to 31 March 2024 and Global X China Little Giant ETF for the period from 17 November 2023(date of inception)to 31 March 2024(the“relevant periods”)(each a separate sub-fund of the Company and referred to as the“Sub-Funds”),which are set out on pages 9 to 116,compris

19、e:the statements of net assets as at 31 March 2024;the statements of profit or loss and other comprehensive income for the year then ended and the relevant periods then ended;the statements of changes in net assets attributable to shareholders for the year then ended and the relevant periods then en

20、ded;the statements of cash flows for the year then ended and the relevant periods then ended;and the notes to the financial statements,comprising material accounting policy information and other explanatory information.Our opinion In our opinion,the financial statements give a true and fair view of

21、the financial position of the Company and each of the Sub-Funds as at 31 March 2024,and of each of their financial performance and each of their cash flows for the year then ended and the relevant periods then ended in accordance with IFRS Accounting Standards.Basis for Opinion We conducted our audi

22、t in accordance with International Standards on Auditing(“ISAs”).Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Financial Statements section of our report.We believe that the audit evidence we have obtained is sufficient and app

23、ropriate to provide a basis for our opinion.Independence We are independent of the Company and the Sub-Funds in accordance with the International Code of Ethics for Professional Accountants(including International Independence Standards)issued by the International Ethics Standards Board for Accounta

24、nts(“IESBA Code”),and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code.3 Independent Auditors Report To the Shareholders of Global X Exchange Traded Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X Chin

25、a Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Global X

26、 FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF and Global X China Little Giant ETF(collectively the“Sub-Funds”)(Continued)(An umbrella open-ended fund company established under the l

27、aws of Hong Kong)Emphasis of Matter We draw attention to Notes 1 and 2 to the financial statements,which states that the Directors have an intention to terminate Global X China Innovator Active ETF,Global X China E-commerce&Logistics ETF,Global X China Games and Entertainment ETF,Global X Autonomous

28、 and Electric Vehicles ETF and Global X Asia Innovator Active ETF.The directors have applied to the Securities and Futures Commission of Hong Kong and The Hong Kong Exchanges and Clearing Limited on 7 June 2024 for its approval on the termination of the above Sub-Funds.The termination is subject to

29、regulatory approval as at the approval date of these financial statements.As a result,the financial statements of the above Sub-Funds have been prepared on a non-going concern basis,and are prepared in accordance with the basis set out in Note 2 to the financial statements.Our opinion is not modifie

30、d in respect of this matter.Key Audit Matters Key audit matters are those matters that,in our professional judgment,were of most significance in our audit of the financial statements of the current period.These matters were addressed in the context of our audit of the financial statements as a whole

31、,and in forming our opinion thereon,and we do not provide a separate opinion on these matters.Key audit matter identified in our audit are summarised as follows:Key Audit Matter How our audit addressed the Key Audit Matter Existence and valuation of financial assets at fair value through profit or l

32、oss As at 31 March 2024,the Sub-Funds financial assets at fair value through profit or loss mainly comprised listed equities,unlisted total return swaps and listed debt securities valued as follows:Sub-Funds Listed equities Global X China Innovator Active ETF(in RMB)13,293,700 Global X Asia Semicond

33、uctor ETF(in RMB)91,067,477 Global X China E-commerce and Logistics ETF(in RMB)7,147,684 Global X China Games and Entertainment ETF(in RMB)7,440,059 Global X FinTech ETF(in USD)1,284,471 Global X Autonomous and Electric Vehicles ETF(in USD)1,303,014 Global X Asia Innovator Active ETF(in RMB)8,678,42

34、6 Global X China MedTech ETF(in RMB)29,041,096 Global X China Little Giant ETF(in RMB)50,533,058 Our work included an assessment of the key controls over the existence and valuation of financial assets at fair value through profit or loss,which included the following:We developed an understanding of

35、 the control objectives and related controls relevant to our audit of the Sub-Funds by obtaining the service organisation internal control reports provided by the custodian setting out the controls in place,and the independent service auditors assurance report over the design and operating effective

36、ness of those controls.We evaluated the tests undertaken by the independent service auditor,the results of the tests undertaken and the opinions formed by the independent service auditor on the design and operating effectiveness of the controls,to the extent relevant to our audit of the Sub-Funds.We

37、 tested the existence of financial assets at fair value through profit or loss by obtaining direct confirmations from the custodians and agreeing the Sub-Funds holdings of financial assets at fair value through profit or loss to the confirmations.4 Independent Auditors Report To the Shareholders of

38、Global X Exchange Traded Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator

39、Active ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Global X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond E

40、TF and Global X China Little Giant ETF(collectively the“Sub-Funds”)(Continued)(An umbrella open-ended fund company established under the laws of Hong Kong)Key Audit Matters(Continued)Key Audit Matter(Continued)How our audit addressed the Key Audit Matter(Continued)Sub-Funds Global X China Clean Ener

41、gy ETF(in RMB)Listed equities:424,360,287 Unlisted total return swaps:117,675,404 Global X China Consumer Brand ETF(in RMB)Listed equities:276,511,939 Unlisted total return swaps:81,035,782 Global X China Electric Vehicle and Battery ETF(in RMB)Listed equities:821,889,101 Unlisted total return swaps

42、:410,093,592 Global X China Robotics and AI ETF(in RMB)Listed equities:93,653,388 Unlisted total return swaps:32,372,697 Global X China Semiconductor ETF(in RMB)Listed equities:274,196,514 Unlisted total return swaps:107,484,509 Global X China Global Leaders ETF(in RMB)Listed equities:15,901,603 Unl

43、isted total return swaps:1,277,193 Sub-Funds Listed debt securities Global X Asia USD Investment Grade Bond ETF(in USD)19,471,018 We tested the valuation of the Sub-Funds financial assets at fair value through profit or loss by comparing the pricing used by the Sub-Funds to external pricing sources

44、as at 31 March 2024.Based on the procedures we performed,we found no material exceptions from our testing.In addition,for the listed investment held by Global X FinTech ETF which has been suspended for trading as at year end,we assessed the appropriateness of the valuation methodology adopted by the

45、 Manager of Global X FinTech ETF.We also assessed the judgments made by the Manager of Global X FinTech ETF in determining the valuation of such investments by considering factors which may impact their fair values,including the duration of suspension period,the relevant market information and news

46、of the suspended listed equity.Based on the procedures we performed,we found the judgments made by the Manager of the Sub-Funds in determining the valuation of these investments to be supportable by available evidence.5 Independent Auditors Report To the Shareholders of Global X Exchange Traded Fund

47、s Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia Semi

48、conductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Global X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF and Global X China Little

49、Giant ETF(collectively the“Sub-Funds”)(Continued)(An umbrella open-ended fund company established under the laws of Hong Kong)Key Audit Matters(Continued)Key Audit Matter (Continued)How our audit addressed the Key Audit Matter(Continued)The financial assets at fair value through profit or loss held

50、by Global X FinTech ETF included listed equity valued at nil which has been suspended for trading as at 31 March 2024.We focused on the existence and valuation of the financial assets at fair value through profit or loss because the financial assets at fair value through profit or loss represented t

51、he principal element of the Sub-Funds net assets attributable to shareholders as at 31 March 2024.In addition,we also focused on the valuation of listed equity which has been suspended for trading as at 31 March 2024 because the judgments made by the Manager of Global X FinTech ETF in determining th

52、eir fair values involved a higher degree of subjectivity.Refer to note 13 and note 14 to the financial statements.6 Independent Auditors Report To the Shareholders of Global X Exchange Traded Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X

53、 China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Glo

54、bal X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF and Global X China Little Giant ETF(collectively the“Sub-Funds”)(Continued)(An umbrella open-ended fund company established under

55、the laws of Hong Kong)Other Information The directors of the Company and the Sub-Funds are responsible for the other information.The other information comprises all of the information included in the annual report other than the financial statements and our auditors report thereon.Our opinion on the

56、 financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.In connection with our audit of the financial statements,our responsibility is to read the other information and,in doing so,consider whether the other information is materially

57、inconsistent with the financial statements or our knowledge obtained in the audit,or otherwise appears to be materially misstated.If,based on the work we have performed,we conclude that there is a material misstatement of this other information,we are required to report that fact.We have nothing to

58、report in this regard.Responsibilities of Directors for the Financial Statements The directors of the Company and the Sub-Funds are responsible for the preparation of the financial statements that give a true and fair view in accordance with IFRS Accounting Standards,and for such internal control as

59、 the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement,whether due to fraud or error.In preparing the financial statements,the directors are responsible for assessing the Companys and the Sub-Funds ability to continue as a goi

60、ng concern,disclosing,as applicable,matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company and the Sub-Funds or to cease operations,or have no realistic alternative but to do so.In addition,the directors are requir

61、ed to ensure that the financial statements of the Company and the Sub-Funds have been properly prepared in accordance with the relevant disclosure provisions of the Instrument of Incorporation dated 13 December 2019(the“Instrument of Incorporation”),Part 7 of the Securities and Futures(Open-ended Fu

62、nd Companies)Rules(“OFC Rules”),Appendix E of the Code on Unit Trusts and Mutual Funds(“UT Code”)and Chapter 9 of the Code on Open-Ended Fund Companies (“OFC Code”)issued by the Hong Kong Securities and Futures Commission.7 Independent Auditors Report To the Shareholders of Global X Exchange Traded

63、Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia

64、Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Global X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF and Global X China Lit

65、tle Giant ETF(collectively the“Sub-Funds”)(Continued)(An umbrella open-ended fund company established under the laws of Hong Kong)Auditors Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole ar

66、e free from material misstatement,whether due to fraud or error,and to issue an auditors report that includes our opinion.We report our opinion solely to you,as a body,in accordance with Section 153 of the OFC Rules,and for no other purpose.We do not assume responsibility towards or accept liability

67、 to any other person for the contents of this report.Reasonable assurance is a high level of assurance,but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered mater

68、ial if,individually or in the aggregate,they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.In addition,we are required to assess whether the financial statements of the Company and the Sub-Funds have been properly prepared,

69、in all material respects,in accordance with the relevant disclosure provisions of the Instrument of Incorporation,Part 7 of the OFC Rules,Appendix E of the UT Code and Chapter 9 of the OFC Code.As part of an audit in accordance with ISAs,we exercise professional judgment and maintain professional sk

70、epticism throughout the audit.We also:Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error,design and perform audit procedures responsive to those risks,and obtain audit evidence that is sufficient and appropriate to provide a basis for our

71、 opinion.The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error,as fraud may involve collusion,forgery,intentional omissions,misrepresentations,or the override of internal control.Obtain an understanding of internal control relevant to the

72、audit in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on the effectiveness of the Companys and the Sub-Funds internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting e

73、stimates and related disclosures made by the directors.Conclude on the appropriateness of the directors use of the going concern basis of accounting and,based on the audit evidence obtained,whether a material uncertainty exists related to events or conditions that may cast significant doubt on the C

74、ompanys and the Sub-Funds ability to continue as a going concern.If we conclude that a material uncertainty exists,we are required to draw attention in our auditors report to the related disclosures in the financial statements or,if such disclosures are inadequate,to modify our opinion.Our conclusio

75、ns are based on the audit evidence obtained up to the date of our auditors report.However,future events or conditions may cause the Company and the Sub-Funds to cease to continue as a going concern.Evaluate the overall presentation,structure and content of the financial statements,including the disc

76、losures,and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.8 Independent Auditors Report To the Shareholders of Global X Exchange Traded Funds Series OFC(the“Company”)and Global X China Clean Energy ETF,Global X China Con

77、sumer Brand ETF,Global X China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Active ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games a

78、nd Entertainment ETF,Global X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF and Global X China Little Giant ETF(collectively the“Sub-Funds”)(Continued)(An umbrella open-ended fund co

79、mpany established under the laws of Hong Kong)Auditors Responsibilities for the Audit of the Financial Statements(Continued)We communicate with the directors regarding,among other matters,the planned scope and timing of the audit and significant audit findings,including any significant deficiencies

80、in internal control that we identify during our audit.We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence,and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independ

81、ence,and where applicable,actions taken to eliminate threats or safeguards applied.From the matters communicated with the directors,we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters.We desc

82、ribe these matters in our auditors report unless law or regulation precludes public disclosure about the matter or when,in extremely rare circumstances,we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to out

83、weigh the public interest benefits of such communication.Report on matters under the relevant disclosure provisions of the Instrument of Incorporation,Part 7 of the OFC Rules,Appendix E of the UT Code and Chapter 9 of the OFC Code In our opinion,the financial statements of the Company and the Sub-Fu

84、nds have been properly prepared,in all material respects,in accordance with the relevant disclosure provisions of the Instrument of Incorporation,Part 7 of the OFC Rules,Appendix E of the UT Code and Chapter 9 of the OFC Code.The engagement partner on the audit resulting in this independent auditors

85、 report is Mr.Chau Chi Kit.PricewaterhouseCoopers Certified Public Accountants Hong Kong,26 July 2024 9 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF NET ASSETS As at 31 March 2024 Global X Exchange Traded Funds Series OFC Global X China Clean Energy ETF Global X China Consumer Brand ETF Gl

86、obal X China Electric Vehicle and Battery ETF Global X China Robotics and AI ETF As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 Notes HKD HKD RMB R

87、MB RMB RMB RMB RMB RMB RMB ASSETS Financial assets at fair value through profit or loss 6(e)542,035,691 1,282,578,540 357,547,721 670,299,479 1,231,982,693 2,766,584,772 126,026,085 172,443,864 Dividends receivable 115,518 Amounts due from brokers 7 10,240,107 Prepayment and other receivables 17,807

88、 9,146 53,529 Bank balances 6(e)494,738 2,538,628 378,635 2,576,416 8,206,886 282,351 974,457 TOTAL ASSETS 542,663,754 1,285,117,168 357,935,502 672,875,895 1,242,276,329 2,774,791,658 126,308,436 173,418,321 LIABILITIES Management fee payable 6(b)320,272 756,856 207,914 383,869 716,160 1,643,989 85

89、,174 92,508 Custodian fee payable 6(c)107,080 41,093 199,853 16,349 Establishment costs payable 3(a)108,527 36,984 244,068 16,320 Fees payable 6(d)(i)204,995 69,861 461,018 26,115 Redemption payable 6(h)Amounts due to brokers 7 Registration fee payable 6(g)118,000 744,000 166,000 560,000 208,000 928

90、,000 42,000 272,000 Bank overdraft 8,737,101 TOTAL LIABILITIES 438,272 1,921,458 373,914 1,091,807 9,661,261 3,476,928 127,174 423,292 EQUITY Net assets attributable to shareholders 3(a)542,225,482 1,283,195,710 357,561,588 671,784,088 1,232,615,068 2,771,314,730 126,181,262 172,995,029 TOTAL LIABIL

91、ITIES AND EQUITY 542,663,754 1,285,117,168 357,935,502 672,875,895 1,242,276,329 2,774,791,658 126,308,436 173,418,321 The accompanying notes are an integral part of these financial statements.10 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF NET ASSETS(CONTINUED)As at 31 March 2024 Global X

92、 China Semiconductor ETF Global X China Global Leaders ETF Global X China Innovator Active ETF Global X Asia Semiconductor ETF Global X China E-commerce and Logistics ETF As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31

93、March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 Notes RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB ASSETS Financial assets at fair value through profit or loss 6(e)381,681,023 577,925,366 17,178,796 52,352,278 13,293,700 155,427,213 91,067,477 65,609,354 7,147,684 29,738,089 Divide

94、nds receivable 19,080 329 4,376 116,908 107,378 12,728 Amounts due from brokers 7 7,015 13,652 Prepayment and other receivables 18,172 Bank balances 6(e)463,096 1,412,388 144,924 257,901 147,112 13,278,148 429,283 241,720 29,679 59,035 TOTAL ASSETS 382,181,371 579,344,769 17,324,049 52,610,179 13,44

95、5,188 168,705,361 91,613,668 65,958,452 7,190,091 29,810,776 LIABILITIES Management fee payable 6(b)242,833 319,267 11,972 29,665 10,754 103,755 53,373 36,863 4,093 17,031 Custodian fee payable 6(c)47,364 11,676 Establishment costs payable 3(a)47,364 5,145 Fees payable 6(d)(i)75,783 9,718 Redemption

96、 payable 6(h)Amounts due to brokers 7 67 42 12 Registration fee payable 6(g)84,000 642,000 104,000 158,000 24,000 378,000 72,001 83,999 12,000 36,000 Bank overdraft TOTAL LIABILITIES 326,833 1,131,778 115,972 214,204 34,754 481,755 125,441 120,904 16,093 53,043 EQUITY Net assets attributable to shar

97、eholders 3(a)381,854,538 578,212,991 17,208,077 52,395,975 13,410,434 168,223,606 91,488,227 65,837,548 7,173,998 29,757,733 TOTAL LIABILITIES AND EQUITY 382,181,371 579,344,769 17,324,049 52,610,179 13,445,188 168,705,361 91,613,668 65,958,452 7,190,091 29,810,776 The accompanying notes are an inte

98、gral part of these financial statements.11 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF NET ASSETS(CONTINUED)As at 31 March 2024 Global X China Games and Entertainment ETF Global X FinTech ETF Global X Autonomous and Electric Vehicles ETF Global X Asia Innovator Active ETF As at 31 March 2

99、024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 As at 31 March 2024 As at 31 March 2023 Notes RMB RMB USD USD USD USD RMB RMB ASSETS Financial assets at fair value through profit or loss 6(e)7,440,059 17,701,266 1,284,471 1,541,276 1,303,014 2,

100、798,740 8,678,426 12,533,581 Dividends receivable 42 39 2,451 2,549 7,942 5,832 Amounts due from brokers 7 76,117 9 4,411 1 46,507 Prepayment and other receivables Bank balances 6(e)118,907 202,155 8,001 12,981 7,049 17,285 612,127 834,308 TOTAL ASSETS 7,635,083 17,903,430 1,292,514 1,554,296 1,316,

101、925 2,818,575 9,298,495 13,420,228 LIABILITIES Management fee payable 6(b)4,415 9,512 724 869 741 1,561 5,887 8,345 Custodian fee payable 6(c)Establishment costs payable 3(a)Fees payable 6(d)(i)Redemption payable 6(h)Amounts due to brokers 7 70,879 Registration fee payable 6(g)12,000 90,000 1,000 8,

102、000 3,000 12,000 6,000 24,000 Bank overdraft TOTAL LIABILITIES 16,415 170,391 1,724 8,869 3,741 13,561 11,887 32,345 EQUITY Net assets attributable to shareholders 3(a)7,618,668 17,733,039 1,290,790 1,545,427 1,313,184 2,805,014 9,286,608 13,387,883 TOTAL LIABILITIES AND EQUITY 7,635,083 17,903,430

103、1,292,514 1,554,296 1,316,925 2,818,575 9,298,495 13,420,228 The accompanying notes are an integral part of these financial statements.12 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF NET ASSETS(CONTINUED)As at 31 March 2024 Global X China MedTech ETF Global X Asia USD Investment Grade Bond

104、 ETF Global X China Little Giant ETF As at As at As at 31 March 2024 31 March 2024 31 March 2024 Notes RMB USD RMB ASSETS Financial assets at fair value through profit or loss 6(e)29,041,096 19,471,018 50,533,058 Dividends receivable Amounts due from brokers 7 408,319 11,462 Prepayment and other rec

105、eivables Bank balances 6(e)1,731,598 122,852 6,685,840 TOTAL ASSETS 31,181,013 19,605,332 57,218,898 LIABILITIES Management fee payable 6(b)23,292 5,789 33,868 Custodian fee payable 6(c)Establishment costs payable 3(a)Fees payable 6(d)(i)Redemption payable 6(h)1,928,743 6,366,882 Amounts due to brok

106、ers 7 Registration fee payable 6(g)138,000 8,000 96,000 Bank overdraft TOTAL LIABILITIES 2,090,035 13,789 6,496,750 EQUITY Net assets attributable to shareholders 3(a)29,090,978 19,591,543 50,722,148 TOTAL LIABILITIES AND EQUITY 31,181,013 19,605,332 57,218,898 For and on behalf of -As Directors of

107、Global X Exchange Traded Funds Series OFC Mirae Asset Global Investments(Hong Kong)Limited As the Manager of the Sub-funds The accompanying notes are an integral part of these financial statements.13 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

108、 For the year ended 31 March 2024 Global X Exchange Traded Funds Series OFC Global X China Clean Energy ETF Global X China Consumer Brand ETF Global X China Electric Vehicle and Battery ETF Global X China Robotics and AI ETF For the year ended 31 March 2024 For the year ended 31 March 2023 For the y

109、ear ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 Notes HKD HKD RMB RMB RMB RMB RMB RMB RMB RMB

110、 INCOME Dividend income 12,768,199 30,515,321 10,839,815 9,148,528 27,195,276 19,038,128 1,180,113 1,463,350 Interest income 17,100 47,772 8,827 8,308 47,669 78,447 4,026 Net(loss)/gain on financial assets at fair value through profit or loss 5 (320,075,449)(191,426,355)(116,587,752)10,230,494 (722,

111、090,173)(727,075,661)(26,945,247)26,731,196 Net exchange(loss)/gain (20,346)150,712 87,929 121,243 (353)81,382 16,586 12,939 Other income (307,310,496)(160,712,550)(105,651,181)19,508,573 (694,847,581)(707,877,704)(25,748,548)28,211,511 EXPENSES Management fee 6(b)(5,625,500)(13,683,041)(3,479,451)(

112、3,669,226)(12,822,475)(29,121,989)(898,372)(1,069,260)Transaction costs on financial assets at fair value through profit or loss 6(a)(1,859,701)(5,157,359)(1,064,012)(983,430)(4,767,557)(7,768,607)(180,291)(234,710)Other expenses (8,000)(8,000)(7,493,201)(18,840,400)(4,543,463)(4,652,656)(17,598,032

113、)(36,890,596)(1,078,663)(1,303,970)Operating(loss)/profit (314,803,697)(179,552,950)(110,194,644)14,855,917 (712,445,613)(744,768,300)(26,827,211)26,907,541 FINANCE COSTS Interest expense (12,170)(4,724)(7,235)(759)(4,877)(2,395)(1,579)(Loss)/profit before tax (314,803,697)(179,565,120)(110,199,368)

114、14,848,682 (712,446,372)(744,773,177)(26,829,606)26,905,962 Withholding tax on dividend income 9 (1,218,081)(2,365,638)(746,069)(814,698)(2,719,527)(1,903,813)(118,011)(142,078)(Loss)/profit after tax and total comprehensive income for the year (316,021,778)(181,930,758)(110,945,437)14,033,984 (715,

115、165,899)(746,676,990)(26,947,617)26,763,884 The accompanying notes are an integral part of these financial statements.14 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(CONTINUED)For the year ended 31 March 2024 Global X China Semiconductor ETF Gl

116、obal X China Global Leaders ETF Global X China Innovator Active ETF Global X Asia Semiconductor ETF Global X China E-commerce and Logistics ETF For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 Ma

117、rch 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 Notes RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB INCOME Dividend income 1,744,969 5,845,733 722,986 1,082,483 501,757 1,391,769 1

118、,779,584 1,788,923 978,402 1,155,359 Interest income 8,503 231 1,191 11,700 29,845 155 577 573 300 Net(loss)/gain on financial assets at fair value through profit or loss 5(129,092,157)(65,054,485)(5,581,803)(4,960,758)(11,811,224)(11,806,727)22,668,554 (12,385,852)(2,298,573)581,327 Net exchange(lo

119、ss)/gain (14,799)(3,375)219 8,899 4,460 (225,320)(117,781)(67,364)6,746 (2,780)Other income (127,361,987)(59,203,624)(4,858,367)(3,868,185)(11,293,307)(10,610,433)24,330,512 (10,663,716)(1,312,852)1,734,206 EXPENSES Management fee 6(b)(3,170,711)(4,318,646)(254,072)(381,052)(303,918)(1,451,158)(518,

120、157)(537,626)(111,236)(178,530)Transaction costs on financial assets at fair value through profit or loss 6(a)(727,929)(652,509)(127,358)(141,652)(299,650)(814,956)(101,405)(63,684)(30,240)(31,092)Other expenses (3,898,640)(4,971,155)(381,430)(522,704)(603,568)(2,266,114)(619,562)(601,310)(141,476)(

121、209,622)Operating(loss)/profit (131,260,627)(64,174,779)(5,239,797)(4,390,889)(11,896,875)(12,876,547)23,710,950 (11,265,026)(1,454,328)1,524,584 FINANCE COSTS Interest expense (4,160)(62,329)(1,946)(71)(16)(503)(1,535)(1,086)(816)(Loss)/profit before tax (131,264,787)(64,237,108)(5,241,743)(4,390,9

122、60)(11,896,891)(12,877,050)23,709,415 (11,266,112)(1,454,328)1,523,768 Withholding tax on dividend income 9(174,497)(584,574)(37,485)(58,707)(37,941)(95,568)(321,331)(325,983)(51,409)(54,509)(Loss)/profit after tax and total comprehensive income for the year (131,439,284)(64,821,682)(5,279,228)(4,44

123、9,667)(11,934,832)(12,972,618)23,388,084 (11,592,095)(1,505,737)1,469,259 The accompanying notes are an integral part of these financial statements.15 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(CONTINUED)For the year/period ended 31 March 202

124、4 Global X China Games and Entertainment ETF Global X FinTech ETF Global X Autonomous and Electric Vehicles ETF Global X Asia Innovator Active ETF For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the period from 9 December 2021(date of inception)

125、to 31 March 2023 For the year ended 31 March 2024 For the period from 9 December 2021(date of inception)to 31 March 2023 For the year ended 31 March 2024 For the period from 9 December 2021(date of inception)to 31 March 2023 Notes RMB RMB USD USD USD USD RMB RMB INCOME Dividend income 118,797 174,34

126、8 7,557 14,066 33,575 63,336 138,642 130,796 Interest income 461 429 1 4 3 4 1,364 1,946 Net(loss)/gain on financial assets at fair value through profit or loss 5(2,018,705)2,349,455 323,063 (1,550,165)(5,463)(994,324)(1,002,536)(5,728,205)Net exchange gain/(loss)3,904 (10,534)(181)(1,470)(572)(4,50

127、8)(7,517)(32,000)Other income (1,895,543)2,513,698 330,440 (1,537,565)27,543 (935,492)(870,047)(5,627,463)EXPENSES Management fee 6(b)(80,126)(103,723)(9,117)(15,846)(14,690)(28,081)(85,713)(126,353)Transaction costs on financial assets at fair value through profit or loss 6(a)(16,115)(36,243)(648)(

128、2,017)(929)(3,541)(13,334)(38,097)Other expenses (96,241)(139,966)(9,765)(17,863)(15,619)(31,622)(99,047)(164,450)Operating(loss)/profit (1,991,784)2,373,732 320,675 (1,555,428)11,924 (967,114)(969,094)(5,791,913)FINANCE COSTS Interest expense (1,389)(12)(9)(30)(92)(Loss)/profit before tax (1,991,78

129、4)2,372,343 320,663 (1,555,437)11,924 (967,144)(969,094)(5,792,005)Withholding tax on dividend income 9(5,738)(13,245)(1,911)(2,550)(5,538)(13,760)(17,931)(20,265)(Loss)/profit after tax and total comprehensive income for the year/period (1,997,522)2,359,098 318,752 (1,557,987)6,386 (980,904)(987,02

130、5)(5,812,270)The accompanying notes are an integral part of these financial statements.16 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(CONTINUED)For the year/period ended 31 March 2024 Global X China MedTech ETF Global X Asia USD Investment Gra

131、de Bond ETF Global X China Little Giant ETF For the period from 3 August 2023(date of inception)to 31 March 2024 For the period from 11 October 2023(date of inception)to 31 March 2024 For the period from 17 November 2023(date of inception)to 31 March 2024 Notes RMB USD RMB INCOME Dividend income 89,

132、659 5,027 Interest income 220 19 Net(loss)/gain on financial assets at fair value through profit or loss 5 (10,207,929)1,277,580 (4,670,481)Net exchange loss (9,873)(92)Other income 453 (10,127,923)1,277,960 (4,665,454)EXPENSES Management fee 6(b)(163,485)(32,712)(75,662)Transaction costs on financi

133、al assets at fair value through profit or loss 6(a)(145,347)(79,135)Other expenses (308,832)(32,712)(154,797)Operating(loss)/profit (10,436,755)1,245,248 (4,820,251)FINANCE COSTS Interest expense (3,192)(1)(146)Loss before tax (10,439,947)1,245,247 (4,820,397)Withholding tax on dividend income 9 (8,

134、966)(517)(Loss)/profit after tax and total comprehensive income for the period (10,448,913)1,245,247 (4,820,914)The accompanying notes are an integral part of these financial statements.17 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS For t

135、he year ended 31 March 2024 Global X Exchange Traded Funds Series OFC Global X China Clean Energy ETF Global X China Consumer Brand ETF Global X China Electric Vehicle and Battery ETF Global X China Robotics and AI ETF For the year ended 31 March 2024 For the year ended 31 March 2023 For the year en

136、ded 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 Notes HKD HKD RMB RMB RMB RMB RMB RMB RMB RMB Balan

137、ce at the beginning of the year 1,283,195,710 2,465,824,183 671,784,088 489,360,114 2,771,314,730 5,322,805,114 172,995,029 181,489,538 Issue of shares during the year -cash creation and cash component 4 209,376,181 38,259,707 227,010,643 172,833,988 134,410,781 16,749,017 1,942,517 Redemption of sh

138、ares during the year -cash redemption and cash component 4 (424,948,450)(1,210,073,896)(241,536,770)(58,620,653)(996,367,751)(1,939,224,175)(36,615,167)(37,200,910)Net(redemption)/issue of shares (424,948,450)(1,000,697,715)(203,277,063)168,389,990 (823,533,763)(1,804,813,394)(19,866,150)(35,258,393

139、)Distribution to shareholders 10 (Loss)/profit after tax and total comprehensive income for the year (316,021,778)(181,930,758)(110,945,437)14,033,984 (715,165,899)(746,676,990)(26,947,617)26,763,884 Balance at the end of the year 542,225,482 1,283,195,710 357,561,588 671,784,088 1,232,615,068 2,771

140、,314,730 126,181,262 172,995,029 Number of shares in issue at beginning of year 3(b)12,850,000 22,050,000 14,150,000 10,850,000 29,000,000 44,850,000 3,450,000 4,300,000 Issue of shares during the year(shares)3(b)1,750,000 850,000 4,600,000 2,450,000 1,150,000 450,000 50,000 Redemption of shares dur

141、ing the year(shares)3(b)(5,300,000)(10,950,000)(6,000,000)(1,300,000)(13,100,000)(17,000,000)(850,000)(900,000)Number of shares in issue at end of year 3(b)7,550,000 12,850,000 9,000,000 14,150,000 18,350,000 29,000,000 3,050,000 3,450,000 Net asset value per share 3(b)71.8179 99.8596 39.7291 47.475

142、9 67.1725 95.5626 41.3709 50.1435 The accompanying notes are an integral part of these financial statement.18 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS(CONTINUED)For the year ended 31 March 2024 Global X China Semiconductor ETF Global X

143、 China Global Leaders ETF Global X China Innovator Active ETF Global X Asia Semiconductor ETF Global X China E-commerce and Logistics ETF For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 20

144、24 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the year ended 31 March 2023 Notes RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB Balance at the beginning of the year 578,212,991 760,130,828 52,395,975 75,918,337 168

145、,223,606 97,610,654 65,837,548 97,545,947 29,757,733 20,549,927 Issue of shares during the year -cash creation and cash component 4 43,498,141 45,912,849 21,022,840 13,772,315 16,217,828 286,041,666 33,116,064 4,407,203 7,738,547 Redemption of shares during the year -cash redemption and cash compone

146、nt 4(108,417,310)(163,009,004)(50,931,510)(32,845,010)(159,096,168)(202,456,096)(30,853,469)(24,523,507)(21,077,998)Net(redemption)/issue of shares (64,919,169)(117,096,155)(29,908,670)(19,072,695)(142,878,340)83,585,570 2,262,595(20,116,304)(21,077,998)7,738,547 Distribution to shareholders 10 (Los

147、s)/profit after tax and total comprehensive income for the year (131,439,284)(64,821,682)(5,279,228)(4,449,667)(11,934,832)(12,972,618)23,388,084(11,592,095)(1,505,737)1,469,259 Balance at the end of the year 381,854,538 578,212,991 17,208,077 52,395,975 13,410,434 168,223,606 91,488,227 65,837,548

148、7,173,998 29,757,733 Number of shares in issue at beginning of year 3(b)14,450,000 17,650,000 1,350,000 1,800,000 5,150,000 2,850,000 1,600,000 2,150,000 750,000 550,000 Issue of shares during the year(shares)3(b)1,350,000 1,100,000 600,000 350,000 500,000 8,500,000 700,000 100,000 200,000 Redemptio

149、n of shares during the year(shares)3(b)(3,200,000)(4,300,000)(1,450,000)(800,000)(5,150,000)(6,200,000)(650,000)(650,000)(550,000)Number of shares in issue at end of year 3(b)12,600,000 14,450,000 500,000 1,350,000 500,000 5,150,000 1,650,000 1,600,000 200,000 750,000 Net asset value per share 3(b)3

150、0.3059 40.0147 34.4162 38.8118 26.8209 32.6648 55.4474 41.1485 35.8700 39.6770 The accompanying notes are an integral part of these financial statement.19 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS(CONTINUED)For the year/period ended 31

151、March 2024 Global X China Games and Entertainment ETF Global X FinTech ETF Global X Autonomous and Electric Vehicles ETF Global X Asia Innovator Active ETF For the year ended 31 March 2024 For the year ended 31 March 2023 For the year ended 31 March 2024 For the period from 9 December 2021(date of i

152、nception)to 31 March 2023 For the year ended 31 March 2024 For the period from 9 December 2021(date of inception)to 31 March 2023 For the year ended 31 March 2024 For the period from 9 December 2021(date of inception)to 31 March 2023 Notes RMB RMB USD USD USD USD RMB RMB Balance at the beginning of

153、the year/period 17,733,039 16,616,517 1,545,427 2,805,014 13,387,883 Issue of shares during the year/period -cash creation and cash component 4 8,889,250 3,493,095 5,026,438 19,200,153 Redemption of shares during the year/period -cash redemption and cash component 4(8,116,849)(10,131,826)(573,389)(3

154、89,681)(1,498,216)(1,240,520)(3,114,250)Net(redemption)/issue of shares (8,116,849)(1,242,576)(573,389)3,103,414 (1,498,216)3,785,918 (3,114,250)19,200,153 Distribution to shareholders 10 (Loss)/profit after tax and total comprehensive income for the year/period (1,997,522)2,359,098 318,752 (1,557,9

155、87)6,386 (980,904)(987,025)(5,812,270)Balance at the end of the year/period 7,618,668 17,733,039 1,290,790 1,545,427 1,313,184 2,805,014 9,286,608 13,387,883 Number of shares in issue at beginning of year/period 3(b)500,000 550,000 400,000 450,000 400,000 Issue of shares during the year/period(share

156、s)3(b)300,000 500,000 650,000 400,000 Redemption of shares during the year/period(shares)3(b)(250,000)(350,000)(150,000)(100,000)(250,000)(200,000)(100,000)Number of shares in issue at end of year/period 3(b)250,000 500,000 250,000 400,000 200,000 450,000 300,000 400,000 Net asset value per share 3(

157、b)30.4747 35.4661 5.1632 3.8636 6.5659 6.2334 30.9554 33.4697 The accompanying notes are an integral part of these financial statements.20 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS(CONTINUED)For the year/period ended 31 March 2024 Globa

158、l X China MedTech ETF Global X Asia USD Investment Grade Bond ETF Global X China Little Giant ETF For the period from 3 August 2023(date of inception)to 31 March 2024 For the period from 11 October 2023(date of inception)to 31 March 2024 For the period from 17 November 2023(date of inception)to 31 M

159、arch 2024 Notes RMB USD RMB Balance at the beginning of the period Issue of shares during the period -cash creation and cash component 4 82,435,257 20,818,237 71,257,966 Redemption of shares during the period -cash redemption and cash component 4 (42,895,366)(2,179,418)(15,714,904)Net(redemption)/is

160、sue of shares 39,539,891 18,638,819 55,543,062 Distribution to shareholders 10 (292,523)(Loss)/profit after tax and total comprehensive income for the period (10,448,913)1,245,247 (4,820,914)Balance at the end of the period 29,090,978 19,591,543 50,722,148 Number of shares in issue at beginning of p

161、eriod 3(b)Issue of shares during the period(shares)3(b)1,800,000 2,970,000 1,589,750 Redemption of shares during the period(shares)3(b)(1,050,000)(300,000)(400,000)Number of shares in issue at end of period 3(b)750,000 2,670,000 1,189,750 Net asset value per share 3(b)38.7880 7.3377 42.6326 The acco

162、mpanying notes are an integral part of these financial statements.21 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS For the year ended 31 March 2024 Global X China Clean Energy ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERA

163、TING ACTIVITIES Loss before tax (314,803,697)(179,565,120)Adjustments for:Dividend income (12,768,199)(30,515,321)Interest income (17,100)(47,772)Interest expense 12,170 (327,588,996)(210,116,043)Decrease in financial assets at fair value through profit or loss 740,542,849 1,181,827,775 Increase in

164、prepayment and other receivables (17,807)Decrease in management fee payable (436,584)(2,131,075)Decrease in custodian fee payable (107,080)Decrease in establishment costs payable (108,527)Decrease in fees payable (204,995)(Decrease)/increase in registration fee payable (626,000)350,000 Cash generate

165、d from operations 411,452,860 969,930,657 Dividends received,net of withholding tax 11,434,600 28,149,683 Interest received 17,100 47,772 Interest paid (12,170)Net cash flows generated from operating activities 422,904,560 998,115,942 CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of

166、shares 209,376,181 Cash paid on redemption of shares (424,948,450)(1,210,073,896)Net cash flows used in financing activities (424,948,450)(1,000,697,715)NET DECREASE IN CASH AND CASH EQUIVALENTS (2,043,890)(2,581,773)Cash and cash equivalents at the beginning of the year 2,538,628 5,120,401 CASH AND

167、 CASH EQUIVALENTS AT THE END OF THE YEAR 494,738 2,538,628 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)494,738 2,538,628 The accompanying notes are an integral part of these financial statements.22 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)Fo

168、r the year ended 31 March 2024 Global X China Consumer Brand ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss/(profit)before tax (110,199,368)14,848,682 Adjustments for:Dividend income (10,839,815)(9,148,528)Interest income

169、(8,827)(8,308)Interest expense 4,724 7,235 (121,043,286)5,699,081 Decrease/(increase)in financial assets at fair value through profit or loss 312,751,758(181,798,153)Increase in prepayment and other receivables (9,146)Decrease in management fee payable (175,955)(244,121)Decrease in custodian fee pay

170、able (41,093)Decrease in establishment costs payable (36,984)Decrease in fees payable (69,861)(Decrease)/increase in registration fee payable (394,000)312,000 Cash generated from/(used in)operations 190,981,433(176,031,193)Dividends received,net of withholding tax 10,093,746 8,333,830 Interest recei

171、ved 8,827 8,308 Interest paid (4,724)(7,235)Net cash flows generated from/(used in)operating activities 201,079,282(167,696,290)CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of shares 38,259,707 227,010,643 Cash paid on redemption of shares (241,536,770)(58,620,653)Net cash flows(use

172、d in)/generated from financing activities (203,277,063)168,389,990 NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (2,197,781)693,700 Cash and cash equivalents at the beginning of the year 2,576,416 1,882,716 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 378,635 2,576,416 ANALYSIS OF BALANCES

173、 OF CASH AND CASH EQUIVALENTS Bank balances 6(e)378,635 2,576,416 The accompanying notes are an integral part of these financial statements.23 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X China Electric Vehicle and Battery ETF

174、For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (712,446,372)(744,773,177)Adjustments for:Dividend income (27,195,276)(19,038,128)Interest income (47,669)(78,447)Interest expense 759 4,877 (739,688,558)(763,884,875)D

175、ecrease in financial assets at fair value through profit or loss 1,534,602,079 2,550,340,013 Increase in amounts due from brokers (10,240,107)Increase in prepayment and other receivables (53,529)Decrease in management fee payable (927,829)(4,453,405)Decrease in custodian fee payable (199,853)Decreas

176、e in establishment costs payable (244,068)Decrease in fees payable (461,018)(Decrease)/increase in registration fee payable (720,000)430,000 Cash generated from operations 782,067,117 1,782,431,733 Dividends received,net of withholding tax 24,475,749 17,134,315 Interest received 47,669 78,447 Intere

177、st paid (759)(4,877)Net cash flows generated from operating activities 806,589,776 1,799,639,618 CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of shares 172,833,988 134,410,781 Cash paid on redemption of shares (996,367,751)(1,939,224,175)Net cash flows used in financing activities (

178、823,533,763)(1,804,813,394)NET DECREASE IN CASH AND CASH EQUIVALENTS (16,943,987)(5,173,776)Cash and cash equivalents at the beginning of the year 8,206,886 13,380,662 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR (8,737,101)8,206,886 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balance

179、s 6(e)8,206,886 Bank overdraft (8,737,101)(8,737,101)8,206,886 The accompanying notes are an integral part of these financial statements.24 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X China Robotics and AI ETF For the year end

180、ed 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss/(profit)before tax (26,829,606)26,905,962 Adjustments for:Dividend income (1,180,113)(1,463,350)Interest income (4,026)Interest expense 2,395 1,579 (28,007,324)25,440,165 Decrease in financial as

181、sets at fair value through profit or loss 46,417,779 8,837,751 Decrease in amounts due from brokers 1,205,931 Decrease in management fee payable (7,334)(158,972)Decrease in custodian fee payable (16,349)Decrease in establishment costs payable (16,320)Decrease in fees payable (26,115)(Decrease)/incre

182、ase in registration fee payable (230,000)66,000 Cash generated from operations 18,114,337 35,390,875 Dividends received,net of withholding tax 1,062,102 1,321,272 Interest received 4,026 Interest paid (2,395)(1,579)Net cash flows generated from operating activities 19,174,044 36,714,594 CASH FLOWS F

183、ROM FINANCING ACTIVITIES Cash received from issue of shares 16,749,017 1,942,517 Cash paid on redemption of shares (36,615,167)(49,860,670)Net cash flows used in financing activities (19,866,150)(47,918,153)NET DECREASE IN CASH AND CASH EQUIVALENTS (692,106)(11,203,559)Cash and cash equivalents at t

184、he beginning of the year 974,457 12,178,016 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 282,351 974,457 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)282,351 974,457 The accompanying notes are an integral part of these financial statements.25 GLOBAL X EXCHANGE TRADED FUNDS

185、 SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X China Semiconductor ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (131,264,787)(64,237,108)Adjustments for:Dividend income

186、 (1,744,969)(5,845,733)Interest income (8,503)Interest expense 4,160 62,329 (133,005,596)(70,029,015)Decrease in financial assets at fair value through profit or loss 196,244,343 181,038,404 Decrease in amounts due from brokers 7,015 31,543 Increase in prepayment and other receivables (18,172)Decrea

187、se in management fee payable (76,434)(602,912)Decrease in custodian fee payable (47,364)Decrease in establishment costs payable (47,364)Decrease in fees payable (75,783)(Decrease)/increase in registration fee payable (558,000)288,000 Cash generated from operations 62,422,645 110,726,020 Dividends re

188、ceived,net of withholding tax 1,551,392 5,261,159 Interest received 8,503 Interest paid (4,160)(62,329)Net cash flows generated from operating activities 63,969,877 115,933,353 CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of shares 43,498,141 45,912,849 Cash paid on redemption of sh

189、ares (108,417,310)(163,009,004)Net cash flows used in financing activities (64,919,169)(117,096,155)NET DECREASE IN CASH AND CASH EQUIVALENTS (949,292)(1,162,802)Cash and cash equivalents at the beginning of the year 1,412,388 2,575,190 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 463,096 1,412,

190、388 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)463,096 1,412,388 The accompanying notes are an integral part of these financial statements.26 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X China Global Le

191、aders ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (5,241,743)(4,390,960)Adjustments for:Dividend income (722,986)(1,082,483)Interest income (231)(1,191)Interest expense 1,946 71 (5,963,014)(5,474,563)Decrease

192、 in financial assets at fair value through profit or loss 35,173,482 23,419,026 Decrease in management fee payable (17,693)(62,060)Decrease in custodian fee payable (11,676)Decrease in establishment costs payable (5,145)Decrease in fees payable (9,718)(Decrease)/increase in registration fee payable

193、(54,000)92,000 Cash generated from operations 29,112,236 17,974,403 Dividends received,net of withholding tax 685,172 1,023,776 Interest received 231 1,191 Interest paid (1,946)(71)Net cash flows generated from operating activities 29,795,693 18,999,299 CASH FLOWS FROM FINANCING ACTIVITIES Cash rece

194、ived from issue of shares 21,022,840 13,772,315 Cash paid on redemption of shares (50,931,510)(32,845,010)Net cash flows used in financing activities (29,908,670)(19,072,695)NET DECREASE IN CASH AND CASH EQUIVALENTS (112,977)(73,396)Cash and cash equivalents at the beginning of the year 257,901 331,

195、297 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 144,924 257,901 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)144,924 257,901 The accompanying notes are an integral part of these financial statements.27 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONT

196、INUED)For the year ended 31 March 2024 Global X China Innovator Active ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (11,896,891)(12,877,050)Adjustments for:Dividend income (501,757)(1,391,769)Interest income (

197、11,700)(29,845)Interest expense 16 503 (12,410,332)(14,298,161)Decrease/(increase)in financial assets at fair value through profit or loss 142,133,513 (65,850,166)Decrease in management fee payable (93,001)(37,066)(Decrease)/increase in registration fee payable (354,000)282,000 Cash generated from/(

198、used in)operations 129,276,180 (79,903,393)Dividends received,net of withholding tax 459,440 1,296,201 Interest received 11,700 29,845 Interest paid (16)(503)Net cash flows generated from/(used in)operating activities 129,747,304 (78,577,850)CASH FLOWS FROM FINANCING ACTIVITIES Cash received from is

199、sue of shares 16,217,828 286,041,666 Cash paid on redemption of shares (159,096,168)(202,456,096)Net cash flows(used in)/generated from financing activities (142,878,340)83,585,570 NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (13,131,036)5,007,720 Cash and cash equivalents at the beginning of

200、 the year 13,278,148 8,270,428 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 147,112 13,278,148 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)147,112 13,278,148 The accompanying notes are an integral part of these financial statements.28 GLOBAL X EXCHANGE TRADED FUNDS SERIES

201、 OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X Asia Semiconductor ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss)before tax 23,709,415 (11,266,112)Adjustments for:Dividend income (

202、1,779,584)(1,788,923)Interest income (155)(577)Interest expense 1,535 1,086 21,931,211 (13,054,526)(Increase)/decrease in financial assets at fair value through profit or loss (25,458,123)31,761,438 Increase/(decrease)in management fee payable 16,510 (74,230)Increase/(decrease)in amount due to broke

203、rs 25 (146)(Decrease)/increase in registration fee payable (11,998)41,999 Cash(used in)/generated from operations (3,522,375)18,674,535 Dividends received,net of withholding tax 1,448,723 1,549,410 Interest received 155 577 Interest paid (1,535)(1,086)Net cash flows(used in)/generated from operating

204、 activities (2,075,032)20,223,436 CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of shares 33,116,064 4,407,203 Cash paid on redemption of shares (30,853,469)(24,523,507)Net cash flows generated from/(used in)financing activities 2,262,595 (20,116,304)NET INCREASE IN CASH AND CASH EQU

205、IVALENTS 187,563 107,132 Cash and cash equivalents at the beginning of the year 241,720 134,588 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 429,283 241,720 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)429,283 241,720 The accompanying notes are an integral part of these fi

206、nancial statements.29 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X China E-commerce and Logistics ETF For the year ended 31 March 2024 For the year ended 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/pr

207、ofit before tax (1,454,328)1,523,768 Adjustments for:Dividend income (978,402)(1,155,359)Interest income (573)(300)Interest expense 816 (2,433,303)368,925 Decrease/(increase)in financial assets at fair value through profit or loss 22,590,405 (9,192,839)Decrease/(increase)in amounts due from brokers

208、13,652 (13,640)Decrease in management fee payable (12,938)(7,373)Decrease in amounts due to brokers (12)(Decrease)/increase in registration fee payable (24,000)18,000 Cash generated from/(used in)operations 20,133,804 (8,826,927)Dividends received,net of withholding tax 914,265 1,100,850 Interest re

209、ceived 573 300 Interest paid (816)Net cash flows generated from/(used in)operating activities 21,048,642 (7,726,593)CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of shares 7,738,547 Cash paid on redemption of shares (21,077,998)Net cash flows(used in)/generated from financing activit

210、ies (21,077,998)7,738,547 NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (29,356)11,954 Cash and cash equivalents at the beginning of the year 59,035 47,081 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 29,679 59,035 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)29,679

211、59,035 The accompanying notes are an integral part of these financial statements.30 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X China Games and Entertainment ETF For the year ended 31 March 2024 For the year ended 31 March 202

212、3 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES (Loss)/profit before tax (1,991,784)2,372,343 Adjustments for:Dividend income (118,797)(174,348)Interest income (461)(429)Interest expense 1,389 (2,111,042)2,198,955 Decrease/(increase)in financial assets at fair value through profit or loss 10,261

213、,207 (1,148,594)Increase in amounts due from brokers (76,108)Decrease in management fee payable (5,097)(8,623)(Decrease)/increase in amounts due to brokers (70,879)70,870(Decrease)/increase in registration fee payable (78,000)66,000 Cash generated from operations 7,920,081 1,178,608 Dividends receiv

214、ed,net of withholding tax 113,059 164,449 Interest received 461 429 Interest paid (1,389)Net cash flows generated from operating activities 8,033,601 1,342,097 CASH FLOWS FROM FINANCING ACTIVITIES Cash received from issue of shares 8,889,250 Cash paid on redemption of shares (8,116,849)(10,131,826)N

215、et cash flows used in financing activities (8,116,849)(1,242,576)NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (83,248)99,521 Cash and cash equivalents at the beginning of the year 202,155 102,634 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 118,907 202,155 ANALYSIS OF BALANCES OF CASH AND

216、 CASH EQUIVALENTS Bank balances 6(e)118,907 202,155 The accompanying notes are an integral part of these financial statements.31 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X FinTech ETF For the year ended 31 March 2024 For the

217、period from 9 December 2021 (date of inception)to 31 March 2023 Note USD USD CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss)before tax 320,663 (1,555,437)Adjustments for:Dividend income (7,557)(14,066)Interest income (1)(4)Interest expense 12 9 313,117 (1,569,498)Decrease/(increase)in financial a

218、ssets at fair value through profit or loss 256,805 (1,541,276)(Decrease)/increase in management fee payable (145)869(Decrease)/increase in registration fee payable (7,000)8,000 Cash generated from/(used in)operations 562,777 (3,101,905)Dividends received,net of withholding tax 5,643 11,477 Interest

219、received 1 4 Interest paid (12)(9)Net cash flows generated from/(used in)operating activities 568,409 (3,090,433)CASH FLOWS FROM FINANCING ACTIVITY Cash received from issue of shares 3,493,095 Cash paid on redemption of shares (573,389)(389,681)Net cash flows(used in)/generated from financing activi

220、ties (573,389)3,103,414 NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (4,980)12,981 Cash and cash equivalents at the beginning of the year/period 12,981 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR/PERIOD 8,001 12,981 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)8,00

221、1 12,981 The accompanying notes are an integral part of these financial statements.32 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X Autonomous and Electric Vehicles ETF For the year ended 31 March 2024 For the period from 9 Dece

222、mber 2021 (date of inception)to 31 March 2023 Note USD USD CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss)before tax 11,924 (967,144)Adjustments for:Dividend income (33,575)(63,336)Interest income (3)(4)Interest expense 30 (21,654)(1,030,454)Decrease/(increase)in financial assets at fair value th

223、rough profit or loss 1,495,726 (2,798,740)Decrease/(increase)in amounts due from brokers (4,410)(1)(Decrease)/increase in management fee payable (820)1,561(Decrease)/increase in registration fee payable (9,000)12,000 Cash generated from/(used in)operations 1,459,842 (3,815,634)Dividends received,net

224、 of withholding tax 28,135 47,027 Interest received 3 4 Interest paid (30)Net cash flows generated from/(used in)operating activities 1,487,980 (3,768,633)CASH FLOWS FROM FINANCING ACTIVITY Cash received from issue of shares 5,026,438 Cash paid on redemption of shares (1,498,216)(1,240,520)Net cash

225、flows(used in)/generated from financing activity (1,498,216)3,785,918 NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (10,236)17,285 Cash and cash equivalents at the beginning of the year/period 17,285 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR/PERIOD 7,049 17,285 ANALYSIS OF BALANCES OF C

226、ASH AND CASH EQUIVALENTS Bank balances 6(e)7,049 17,285 The accompanying notes are an integral part of these financial statements.33 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the year ended 31 March 2024 Global X Asia Innovator Active ETF For the year ended 31 M

227、arch 2024 For the period from 9 December 2021(date of inception)to 31 March 2023 Note RMB RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (969,094)(5,792,005)Adjustments for:Dividend income (138,642)(130,796)Interest income (1,364)(1,946)Interest expense 92 (1,109,100)(5,924,655)Decrease/(i

228、ncrease)in financial assets at fair value through profit or loss 3,855,155 (12,533,581)Decrease/(increase)in amounts due from brokers 46,507 (46,507)(Decrease)/increase in management fee payable (2,458)8,345(Decrease)/increase in registration fee payable (18,000)24,000 Cash generated from/(used in)o

229、perations 2,772,104 (18,472,398)Dividends received,net of withholding tax 118,601 104,699 Interest received 1,364 1,946 Interest paid (92)Net cash flows generated from/(used in)operating activities 2,892,069 (18,365,845)CASH FLOWS FROM FINANCING ACTIVITY Cash received from issue of shares 19,200,153

230、 Cash paid on redemption of shares (3,114,250)Net cash flows(used in)/generated from financing activity (3,114,250)19,200,153 NET(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (222,181)834,308 Cash and cash equivalents at the beginning of the year/period 834,308 CASH AND CASH EQUIVALENTS AT THE EN

231、D OF THE YEAR/PERIOD 612,127 834,308 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)612,127 834,308 The accompanying notes are an integral part of these financial statements.34 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the period from 3 Augu

232、st 2023(date of inception)to 31 March 2024 Global X China MedTech ETF For the period from 3 August 2023(date of inception)to 31 March 2024 Note RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (10,439,947)Adjustments for:Dividend income (89,659)Interest income (220)Interest expense 3,192 (10

233、,526,634)Increase in financial assets at fair value through profit or loss (29,041,096)Increase in amounts due from brokers (408,319)Increase in management fee payable 23,292 Increase in registration fee payable 138,000 Cash used in operations (39,814,757)Dividends received,net of withholding tax 80

234、,693 Interest received 220 Interest paid (3,192)Net cash flows used in operating activities (39,737,036)CASH FLOWS FROM FINANCING ACTIVITY Cash received from issue of shares 82,435,257 Cash paid on redemption of shares (40,966,623)Net cash flows generated from financing activity 41,468,634 NET INCRE

235、ASE IN CASH AND CASH EQUIVALENTS 1,731,598 Cash and cash equivalents at the beginning of the period CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 1,731,598 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)1,731,598 The accompanying notes are an integral part of these financia

236、l statements.35 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the period from 11 October 2023(date of inception)to 31 March 2024 Global X Asia USD Investment Grade Bond ETF For the period from 11 October 2023(date of inception)to 31 March 2024 Note USD CASH FLOWS FR

237、OM OPERATING ACTIVITIES Profit before tax 1,245,247 Adjustments for:Interest income (19)Interest expense 1 1,245,229 Increase in financial assets at fair value through profit or loss (19,471,018)Increase in amounts due from brokers (11,462)Increase in management fee payable 5,789 Increase in registr

238、ation fee payable 8,000 Cash used in operations (18,223,462)Interest received 19 Interest paid (1)Net cash flows used in operating activities (18,223,444)CASH FLOWS FROM FINANCING ACTIVITY Cash received from issue of shares 20,818,237 Cash paid on redemption of shares (2,179,418)Cash paid on distrib

239、ution to shareholders (292,523)Net cash flows generated from financing activity 18,346,296 NET INCREASE IN CASH AND CASH EQUIVALENTS 122,852 Cash and cash equivalents at the beginning of the period CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 122,852 ANALYSIS OF BALANCES OF CASH AND CASH EQUIV

240、ALENTS Bank balances 6(e)122,852 The accompanying notes are an integral part of these financial statements.36 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC STATEMENT OF CASH FLOWS(CONTINUED)For the period from 17 November 2023(date of inception)to 31 March 2024 Global X China Little Giant ETF For the pe

241、riod from 17 November 2023(date of inception)to 31 March 2024 Note RMB CASH FLOWS FROM OPERATING ACTIVITIES Loss before tax (4,820,397)Adjustments for:Dividend income (5,027)Interest expense 146 (4,825,278)Increase in financial assets at fair value through profit or loss (50,533,058)Increase in mana

242、gement fee payable 33,868 Increase in registration fee payable 96,000 Cash used in operations (55,228,468)Dividends received,net of withholding tax 4,510 Interest paid (146)Net cash flows used in operating activities (55,224,104)CASH FLOWS FROM FINANCING ACTIVITY Cash received from issue of shares 7

243、1,257,966 Cash paid on redemption of shares (9,348,022)Net cash flows generated from financing activity 61,909,944 NET INCREASE IN CASH AND CASH EQUIVALENTS 6,685,840 Cash and cash equivalents at the beginning of the period CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 6,685,840 ANALYSIS OF BAL

244、ANCES OF CASH AND CASH EQUIVALENTS Bank balances 6(e)6,685,840 The accompanying notes are an integral part of these financial statements.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 37 1.GENERAL INFORMATION Global X Exchange Traded Funds Series OFC(the“Co

245、mpany”)is a public umbrella open-ended fund company with variable capital and segregated limited liability between Sub-Funds,which was incorporated in Hong Kong under the Securities and Futures Ordinance(Cap.571)of Hong Kong(the“SFO”)on 13 December 2019.The Company is constituted by way of the Instr

246、ument of Incorporation filed to the Companies Registry of Hong Kong on,and effective as of,13 December 2019.As at 31 March 2024,the Company has nineteen sub-funds,each a separate sub-fund of the Company,which are authorised by the Securities and Futures Commission of Hong Kong(the“SFC”)pursuant to s

247、ection 104(1)of the SFO.The nineteen sub-funds,including Global X China Clean Energy ETF,Global X China Consumer Brand ETF,Global X China Electric Vehicle and Battery ETF,Global X China Robotics and AI ETF,Global X China Semiconductor ETF,Global X China Global Leaders ETF,Global X China Innovator Ac

248、tive ETF,Global X Asia Semiconductor ETF,Global X China E-commerce and Logistics ETF,Global X China Games and Entertainment ETF,Global X FinTech ETF,Global X Autonomous and Electric Vehicles ETF,Global X Asia Innovator Active ETF,Global X China MedTech ETF,Global X Asia USD Investment Grade Bond ETF

249、,Global X China Little Giant ETF,Global X HSI Components Covered Call Active ETF,Global X HSCEI Components Covered Call Active ETF and Global X K-Pop and Culture ETF are referred to individually or collectively as the“Sub-Fund(s)”.The Sub-Funds are listed on the Stock Exchange of Hong Kong Limited(t

250、he“SEHK”)(a subsidiary of The Hong Kong Exchanges and Clearing Limited)with details below:Name of Sub-Funds Listing date on the SEHK Global X China Clean Energy ETF(“China Clean Energy ETF”)17 January 2020 Global X China Consumer Brand ETF(“China Consumer Brand ETF”)17 January 2020 Global X China El

251、ectric Vehicle and Battery ETF(“China Electric Vehicle and Battery ETF”)17 January 2020 Global X China Robotics and AI ETF(“China Robotics and AI ETF”)7 August 2020 Global X China Semiconductor ETF(“China Semiconductor ETF”)7 August 2020 Global X China Global Leaders ETF(“China Global Leaders ETF”)1

252、1 March 2021 Global X China Innovator Active ETF(“China Innovator Active ETF”)11 March 2021 Global X Asia Semiconductor ETF(“Asia Semiconductor ETF”)23 July 2021 Global X China E-commerce and Logistics ETF (“China E-commerce and Logistics ETF”)23 July 2021 Global X China Games and Entertainment ETF

253、(“China Games and Entertainment ETF”)23 July 2021 Global X FinTech ETF(“FinTech ETF”)10 December 2021 Global X Autonomous and Electric Vehicles ETF (“Autonomous and Electric Vehicles ETF”)10 December 2021 Global X Asia Innovator Active ETF(“Asia Innovator Active ETF”)10 December 2021 Global X China

254、MedTech ETF(“China MedTech ETF”)4 August 2023 Global X Asia USD Investment Grade Bond ETF (“Asia USD Investment Grade Bond ETF”)12 October 2023 Global X China Little Giant ETF(“China Little Giant ETF”)20 November 2023 Global X HSI Components Covered Call Active ETF (“HSI Components Covered Call Acti

255、ve ETF”)29 February 2024 Global X HSCEI Components Covered Call Active ETF(“HSCEI Components Covered Call Active ETF”)29 February 2024 Global X K-Pop and Culture ETF(“K-Pop and Culture ETF”)19 March 2024 GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 38 1.G

256、ENERAL INFORMATION(CONTINUED)These financial statements only relate to China Clean Energy ETF,China Consumer Brand ETF,China Electric Vehicle and Battery ETF,China Robotics and AI ETF,China Semiconductor ETF,China Global Leaders ETF,China Innovator Active ETF,Asia Semiconductor ETF,China E-commerce

257、and Logistics ETF,China Games and Entertainment ETF,FinTech ETF,Autonomous and Electric Vehicles ETF,Asia Innovator Active ETF,China MedTech ETF,Asia USD Investment Grade Bond ETF and China Little Giant ETF.The Manager is responsible for the preparation of the financial statements.The first reportin

258、g period for HSI Components Covered Call Active ETF and HSCEI Components Covered Call Active ETF will cover for the period from 28 February 2024(date of inception)to 31 March 2025 and K-Pop and Culture ETF will cover for the period from 18 March 2024(date of inception)to 31 March 2025.A cash flow st

259、atement of the Company has not been presented as the Company does not operate a bank or cash account or hold any cash equivalents and has had no cash transactions during the accounting year.Accordingly,in the opinion of the directors,the presentation of a cash flow statement would provide no additio

260、nal useful information to the users of the financial statements.China Clean Energy ETF The objective of China Clean Energy ETF(United States dollar counter stock code:9809,Hong Kong dollar counter stock code:2809)is to provide investment results that,before deduction of fees and expenses,closely cor

261、respond to the performance of the Solactive China Clean Energy Index Net Total Return by investing all,or substantially all,of the assets of China Clean Energy ETF in index securities in substantially the same weightings as constituted in the underlying index.China Consumer Brand ETF The objective o

262、f China Consumer Brand ETF(United States dollar counter stock code:9806,Hong Kong dollar counter stock code:2806)is to provide investment results that,before deduction of fees and expenses,closely correspond to the performance of the Solactive China Consumer Brand Index Net Total Return by investing

263、 all,or substantially all,of the assets of China Consumer Brand ETF in index securities in substantially the same weightings as constituted in the underlying index.China Electric Vehicle and Battery ETF The objective of China Electric Vehicle and Battery ETF(United States dollar counter stock code:9

264、845,Hong Kong dollar counter stock code:2845)is to provide investment results that,before deduction of fees and expenses,closely correspond to the performance of the Solactive China Electric Vehicle and Battery Index Net Total Return by investing all,or substantially all,of the assets of China Elect

265、ric Vehicle and Battery ETF in index securities in substantially the same weightings as constituted in the underlying index.China Robotics and AI ETF The objective of China Robotics and AI ETF(United States dollar counter stock code:9807,Hong Kong dollar counter stock code:2807)is to provide investm

266、ent results that,before deduction of fees and expenses,closely correspond to the performance of the FactSet China Robotics and Artificial Intelligence Index by investing all,or substantially all,of the assets of China Robotics and AI ETF in index securities in substantially the same weightings as co

267、nstituted in the underlying index.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 39 1.GENERAL INFORMATION(CONTINUED)China Semiconductor ETF The objective of China Semiconductor ETF(United States dollar counter stock code:9191,Hong Kong dollar counter stock

268、code:3191)is to provide investment results that,before deduction of fees and expenses,closely correspond to the performance of the FactSet China Semiconductor Index by investing all,or substantially all,of the assets of China Semiconductor ETF in index securities in substantially the same weightings

269、 as constituted in the underlying index.China Global Leaders ETF The objective of China Global Leaders ETF(Hong Kong dollar counter stock code:3050)is to provide investment results that,before deduction of fees and expenses,closely correspond to the performance of the FactSet China Global Leaders In

270、dex by investing all,or substantially all,of the assets of China Global Leaders ETF in index securities in substantially the same weightings as constituted in the underlying index.China Innovator Active ETF The objective of China Innovator Active ETF(Hong Kong dollar counter stock code:3058)is to ac

271、hieve long term capital growth by primarily investing(i.e.at least 70%of its net asset value)in companies which are headquartered or incorporated in Mainland China,Hong Kong or Macau and are directly or indirectly involved in the provision of innovative products and/or services(“Innovative Business”

272、).Asia Semiconductor ETF The objective of Asia Semiconductor ETF(Hong Kong dollar counter stock code:3119)is to provide investment results that,before deduction of fees and expenses,closely correspond to the performance of the FactSet Asia Semiconductor Index by investing all,or substantially all,of

273、 the assets of Asia Semiconductor ETF in index securities in substantially the same weightings as constituted in the underlying index.China E-commerce and Logistics ETF The objective of China E-commerce and Logistics ETF(Hong Kong dollar counter stock code:3124)is to provide investment results that,

274、before deduction of fees and expenses,closely correspond to the performance of the FactSet China E-commerce and Logistics Index by investing all,or substantially all,of the assets of China E-commerce and Logistics ETF in index securities in substantially the same weightings as constituted in the und

275、erlying index.China Games and Entertainment ETF The objective of China Games and Entertainment ETF(Hong Kong dollar counter stock code:3117)is to provide investment results that,before deduction of fees and expenses,closely correspond to the performance of the FactSet China Games and Entertainment I

276、ndex by investing all,or substantially all,of the assets of China Games and Entertainment ETF in index securities in substantially the same weightings as constituted in the underlying index.FinTech ETF The objective of FinTech ETF(Hong Kong dollar counter stock code:3185)is to provide investment res

277、ults that,before deduction of fees and expenses,closely correspond to the performance of the Global FinTech Thermatic Index by investing all,or substantially all,of the assets of FinTech ETF in index securities in substantially the same weighting as constituted in the underlying index.GLOBAL X EXCHA

278、NGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 40 1.GENERAL INFORMATION(CONTINUED)Autonomous and Electric Vehicles ETF The objective of Autonomous and Electric Vehicles ETF(Hong Kong dollar counter stock code:2849)is to provide investment results that,before deduction of

279、 fees and expenses,closely correspond to the performance of the Solactive Autonomous and Electric Vehicles Index by investing all,or substantially all,of the assets of Autonomous and electric Vehicles ETF in index securities in substantially the same weightings as constituted in the underlying index

280、.Asia Innovator Active ETF The objective of Asia Innovator Active ETF(Hong Kong dollar counter stock code:3051)is to achieve long term capital growth by primarily investing(i.e.at least 70%of its net asset value)in companies which are headquartered or incorporated in Mainland China,Hong Kong,Indones

281、ia,India,Malaysia,Philippines,Singapore,Japan,South Korea,Taiwan and Thailand and are directly or indirectly involved in the provision of innovative products and/or services(“Innovative Business”).China MedTech ETF The objective of China MedTech ETF(Hong Kong dollar counter stock code:2841)is to pro

282、vide investment results that,before fees and expenses,closely correspond to the performance of the Solactive China MedTech Index by investing all,or substantially all,of the assets of China MedTech ETF in index securities in substantially the same weightings as constituted in the underlying index.As

283、ia USD Investment Grade Bond ETF The objective of Asia USD Investment Grade Bond ETF(United States dollar counter stock code:9075,Hong Kong dollar counter stock code:3075)is to provide investment results that,before fees and expenses,closely correspond to the performance of the Bloomberg Asia ex Jap

284、an USD Investment Grade Bond Index by investing in securities comprised in the underlying index,or in USD-denominated fixed income securities rated investment grade that are not included in the underlying index.China Little Giant ETF The objective of China Little Giant ETF(Hong Kong dollar counter s

285、tock code:2815)is to provide investment results that,before fees and expenses,closely correspond to the performance of the Solactive China Little Giant Index by investing all,or substantially all,of the assets of China Little Giant ETF in index securities in substantially the same weightings as cons

286、tituted in the underlying index.The Directors have an intention to terminate Global X China Innovator Active ETF,Global X China E-commerce&Logistics ETF,Global X China Games and Entertainment ETF,Global X Autonomous and Electric Vehicles ETF and Global X Asia Innovator Active ETF.The directors have

287、applied to the Securities and Futures Commission of Hong Kong and The Hong Kong Exchanges and Clearing Limited on 7 June 2024 for its approval on the termination of the above Sub-Funds.The termination is subject to regulatory approval as at the approval date of the financial statements.As a result,t

288、he financial statements of the above Sub-Funds have been prepared on a non-going concern basis.As at 31 March 2024 and date of approval of the financial statements,the Directors confirmed that it has no intention to terminate any of the Sub-Funds which has a net asset value below the threshold of HK

289、$50,000,000 or its equivalent in the currency of the Sub-Funds except the above mentioned Sub-Funds which have applied for termination.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 41 2.MATERIAL ACCOUNTING POLICIES The material accounting policies applied

290、in the preparation of these financial statements are set out below.These policies have been consistently applied to all the years/period presented,unless otherwise stated.(a)(i)Basis of preparation The financial statements of the Sub-Funds have been prepared in accordance with IFRS Accounting Standa

291、rds and the relevant disclosure provisions in the Instrument of Incorporation,the Code on Open-Ended Fund Companies and the relevant disclosure provisions specified in Appendix E of the Code on Unit Trusts and Mutual Funds(“UT Code”).The financial statements of Global X China Innovator Active ETF,Gl

292、obal X China E-commerce&Logistics ETF,Global X China Games and Entertainment ETF,Global X Autonomous and Electric Vehicles ETF and Global X Asia Innovator Active ETF are prepared on a non-going concern basis(refer to Note 1).The directors and the Manager assessed that the values of all assets and li

293、abilities at the report date approximate their net realisable value,and therefore no changes of accounting policies or adjustments have been made in the financial statements in order to reflect the fact the above Sub-Funds will be able to realise its assets or to extinguish its liabilities in the no

294、rmal course of business.For other Sub-Funds,the financial statements are prepared on a going concern basis.The financial statements have been prepared under the historical cost convention,except for financial assets classified as at fair value through profit or loss(“FVPL”)that have been measured at

295、 fair value.The financial statements are presented in Renminbi(“RMB”)for China Clean Energy ETF,China Consumer Brand ETF,China Electric Vehicle and Battery ETF,China Robotics and AI ETF,China Semiconductor ETF,China Global Leaders ETF,China Innovator Active ETF,Asia Semiconductor ETF,China E-commerc

296、e and Logistics ETF,China Games and Entertainment ETF,Asia Innovator Active ETF,China Little Giant ETF and China MedTech ETF and United States dollar(“USD”)for Autonomous and Electric Vehicles ETF,FinTech ETF and Asia USD Investment Grade Bond ETF.All values are rounded to the nearest RMB and USD re

297、spectively except where otherwise indicated.China MedTech ETF,Asia USD Investment Grade Bond ETF and China Little Giant ETF have adopted for the first time all the applicable and effective IFRS Accounting Standards.All references to net assets or net asset value throughout the financial statements r

298、efer to net assets attributable to shareholders unless otherwise stated.(a)(ii)Significant accounting judgements,estimates and assumptions The preparation of financial statements,in conformity with IFRS Accounting Standards,requires the Manager to make judgements,estimates and assumptions that affec

299、t the application of accounting policies and the reported amounts recognised in the financial statements and disclosure of contingent liabilities.The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circums

300、tances,the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources.Actual results may differ from these estimates.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 202

301、4 42 2.MATERIAL ACCOUNTING POLICIES(CONTINUED)(a)(iii)New and amended standards adopted by the Sub-Funds Disclosure of Accounting Policies Amendments to IAS 1 and IFRS Practice Statement 2 Definition of Accounting Estimates Amendments to IAS 8 The amendments listed above did not have any impact on t

302、he amounts recognised in prior periods and are not expected to significantly affect the current or future periods.(a)(iv)New and amended standards and interpretations not yet adopted A number of new standards,amendments to standards and interpretations are effective for annual periods beginning afte

303、r 3 August 2023(date of inception for China MedTech ETF),11 October 2023(date of inception for Asia USD Investment Grade Bond ETF),17 November 2023(date of inception for China Little Giant ETF)and 1 April 2023 of other Sub-Funds and have not been early adopted in preparing these financial statements

304、.None of these are expected to have a material effect on the financial statements of the Sub-Funds.(b)Financial instruments (i)Classification In accordance with IFRS 9,the Sub-Funds classify their financial assets and financial liabilities at initial recognition into the categories of financial asse

305、ts and financial liabilities as set out below.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 43 2.MATERIAL ACCOUNTING POLICIES(CONTINUED)(b)Financial instruments(continued)(i)Classification(continued)Financial assets The Sub-Funds classify their financial a

306、ssets as subsequently measured at amortised cost or measured at FVPL on the basis of both:The entitys business model for managing the financial assets;and The contractual cash flow characteristics of the financial asset Financial assets measured at amortised cost A debt instrument is measured at amo

307、rtised cost if it is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest(“SPPI”)on the principal amount outstanding.

308、The Sub-Funds include in this category short-term non-financing receivables including dividends receivables,amounts due from brokers,prepayment and other receivables and bank balances.Financial assets measured at FVPL A financial asset is measured at FVPL if:(a)Its contractual terms do not give rise

309、 to cash flows on specified dates that are SPPI on the principal amount outstanding;or (b)It is not held within a business model whose objective is either to collect contractual cash flows,or to both collect contractual cash flows and sell;or (c)At initial recognition,it is irrevocably designated as

310、 measured at FVPL when doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognising the gains and losses on them on different bases.The Sub-Funds include in this category:Instruments held for tr

311、ading.This category includes equity instruments which are acquired principally for the purpose of generating a profit from short-term fluctuations in price.Financial liabilities Financial liabilities measured at amortised cost This category includes all financial liabilities.The Sub-Funds include in

312、 this category management fee payable,custodian fee payable,establishment costs payable,fees payable,redemption payable,amounts due to brokers,registration fee payable and bank overdraft.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 44 2.MATERIAL ACCOUNTIN

313、G POLICIES(CONTINUED)(b)Financial instruments(continued)(ii)Recognition The Sub-Funds recognise a financial asset or a financial liability when,and only when,they become a party to the contractual provisions of the instrument.Purchases and sales of financial assets at fair value through profit or lo

314、ss are accounted for on the trade date basis.(iii)Initial measurement Financial assets at fair value through profit or loss are recorded in the statement of net assets at fair value.All transaction costs for such instruments are recognised directly in profit or loss.Financial assets and liabilities(

315、other than those classified as at fair value through profit or loss)are measured initially at their fair value plus or minus any directly attributable incremental costs of acquisition or issue.(iv)Subsequent measurement After initial measurement,the Sub-Funds measure financial instruments which are

316、classified as at FVPL at fair value.Subsequent changes in the fair values of those financial instruments are recorded in“net change in unrealised gain/loss on financial assets at FVPL”in“net gain/(loss)on financial assets at FVPL.Debt instruments,other than those classified as at FVPL,are measured a

317、t amortised cost using the effective interest method less any allowance for impairment.Gains and losses are recognised in profit or loss when the debt instruments are derecognised or impaired,as well as through the amortisation process.Financial liabilities,other than those classified as at FVPL,are

318、 measured at amortised cost using the effective interest method.Gains and losses are recognised in profit or loss when the liabilities are derecognised,as well as through the amortisation process.GLOBAL X EXCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 45 2.MATERIAL

319、ACCOUNTING POLICIES(CONTINUED)(b)Financial instruments(continued)(v)Derecognition A financial asset is derecognised when the rights to receive cash flows from the financial asset have expired,or where the Sub-Funds have transferred their rights to receive cash flows from the financial asset,or have

320、assumed an obligation to pay the received cash flows in full without material delay to a third party under a pass-through arrangement and either the Sub-Funds have transferred substantially all the risks and rewards of the asset or the Sub-Funds have neither transferred nor retained substantially al

321、l the risks and rewards of the financial asset,but has transferred control of the asset.When the Sub-Funds have transferred its rights to receive cash flows from an asset(or has entered into a pass-through arrangement),and has neither transferred nor retained substantially all the risks and rewards

322、of the asset nor transferred control of the asset,the asset is recognised to the extent of the Sub-Funds continuing involvement in the asset.In that case,the Sub-Funds also recognise an associated liability.The transferred asset and the associated liability are measured on a basis that reflects the

323、rights and obligations that the Sub-Funds have retained.The Sub-Funds derecognise a financial liability when the obligation under the liability is discharged or cancelled,or expires.(c)Fair value measurement The Sub-Funds measure their investments in financial instruments at fair value at the end of

324、 each reporting period.Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.The fair value measurement is based on the presumption that the transaction to sell the asset or transf

325、er the liability takes place either:in the principal market for the asset or liability;or in the absence of a principal market,in the most advantageous market for the asset or liability.The principal or the most advantageous market must be accessible by the Sub-Funds.The fair value of an asset or a

326、liability is measured using the assumptions that market participants would use when pricing the asset or liability,assuming that market participants act in their economic best interest.The fair value for financial instruments that are listed or traded on an exchange is based on quoted last traded ma

327、rket prices that are within the bid-ask spread.For all other financial instruments not traded in an active market,the fair value is determined using valuation techniques deemed to be appropriate in the circumstances.Valuation techniques include the market approach(i.e.,using recent arms length marke

328、t transactions,adjusted as necessary,and reference to the current market value of another instrument that is substantially the same)and the income approach(i.e.,discounted cash flow analysis and option pricing models making as much use of available and supportable market data as possible).GLOBAL X E

329、XCHANGE TRADED FUNDS SERIES OFC NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 46 2.MATERIAL ACCOUNTING POLICIES(CONTINUED)(c)Fair value measurement(continued)All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value h

330、ierarchy,described as follows,based on the lowest level input that is significant to the fair value measurement as a whole:Level 1 Quoted(unadjusted)market prices in active markets for identical assets or liabilities Level 2 Valuation techniques for which the lowest level input that is significant t

331、o the fair value measurement is directly or indirectly observable Level 3 Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognised in the financial statements on a recurring basis,the Sub-Fu

332、nds determine whether transfers have occurred between levels in the hierarchy by re-assessing categorisation(based on the lowest level input that is significant to the fair value measurement as a whole)at the end of each reporting period.(d)Income Interest income from cash and cash equivalents are r

333、ecognised in profit or loss on a time-proportionate basis using the effective interest method.Dividend income on equity securities is recognised on the date on which the investments are quoted ex-dividend.Dividend income on equity securities where no ex-dividend date is quoted is accounted for when the Sub-Funds right to receive payment is established.Dividend income is presented gross of any non-