NOTES TO FINANCIAL STATEMENTS (Unaudited)
NOTE A: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Asia Tigers Fund, Inc. (the "Fund") was incorporated in Maryland on September 23, 1993 and commenced
operations on November 29, 1993. The Fund is registered under the Investment Company Act of 1940, as
amended, as a closed-end, non-diversified management investment company.
The preparation of financial statements in accordance with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts and disclosures in the financial
statements. Actual results could differ from those estimates.
Significant accounting policies are as follows:
Portfolio Valuation. Investments are stated at value in the accompanying financial statements. In valuing the
Fund's assets, all securities for which market quotations are readily available are generally valued:
(i) at the last sale price prior to the time of determination if there was a sale on the date of determination,
(ii) at the mean between the last current bid and asked prices if there was no sales price on such date and bid and
asked quotations are available, and
(iii) at the bid price if there was no sales price on such date and only bid quotations are available.
Securities for which sales prices and bid and asked quotations are not available on the date of determination may
be valued at the most recently available prices or quotations under policies adopted by the Board of Directors.
Investments in short-term debt securities having a maturity of 60 days or less are valued at amortized cost which
approximates market value. All other securities and assets are carried at fair value as determined in good faith by,
or under the direction of, the Board of Directors.
At April 30, 2000, investments of $1,026,000 (0.40% of net assets) have been fair valued in good faith by, or
under the direction of, the Fund's Board of Directors.
The net asset value per share of the Fund is calculated weekl