db x-trackers MSCI Japan Trust announced audited earnings results for the year ended December 31, 2016. For the period, the company reported revenue was ZAR 14,360,388 compared to ZAR 30,770,615 for the same period a year ago. Investment income was ZAR 14,360,388 compared to ZAR 14,413,809 for the same period a year ago. Operating loss before distribution was ZAR 45,051,906 compared to profit ZAR 26,200,829 for the same period a year ago. Income available for distribution before tax was ZAR 8,970,657 compared to ZAR 7,844,023 for the same period a year ago. Cash utilised by operations was ZAR 2,812,420 compared to ZAR 344,861 for the same period a year ago. Net cash inflow from operating activities was ZAR 5,636,476, compared to ZAR 7,875,956 for the same period a year ago.