✨ Financial Commitments and Property
2 NOVEMBER 2006 NEW ZEALAND GAZETTE, No. 126 3725
Year ending 31 March 2011
| 450,000 | 450,000 | |
|---|---|---|
| 2,540,000 | 5,050,000 |
Commitments of up to $5,300,000 exist for loans which trustees have approved, but which had not been drawn down as at balance date. The approved loans are as follows:
| Parent 2006 | Parent 2005 | |
|---|---|---|
| Awarua Social Services | 200,000 | 200,000 |
| Borland Lodge | – | 293,850 |
| Living Fiordland Charitable Trust | 3,700,000 | 3,700,000 |
| Parata Anglican Charitable Trust | – | 15,000 |
| South Catlins Environment and Development Trust | 600,000 | 600,000 |
| Southland Indoor Leisure Centre Trust | 800,000 | – |
| Wyndham & Districts Community Rest Home | – | 100,000 |
| 5,300,000 | 4,908,850 |
A commitment has been made to invest up to $2,000,000 in the AMP Property Opportunity Fund. As at 31 March 2006, $942,719 of this committed amount had been paid.
At 31 March 2006, Invest South Limited had the following commitments:
Invest South Limited had a commitment to pay the uncalled share capital of the 100% owned company, Invest South Asset Management Limited.
(2005: Invest South Limited had a commitment to pay the uncalled share capital of the 100% owned company, Invest South Asset Management Limited. Invest South Limited approved a loan of $125,000 to Modern Transport Trailers Limited (CVC Engineering). The loan was drawn down after 31 March 2005. Invest South Limited granted unconditional approval of a loan of $600,000 to Woodland Apiary Limited. The final approval did not occur until 7 April 2005 and the loan was drawn down after 31 March 2005).
- Property, Plant and Equipment
| 2006 Cost | 2006 Accum depn | 2006 Book Value | 2005 Book Value | |
|---|---|---|---|---|
| Parent | ||||
| Land – at valuation | 220,000 | – | 220,000 | 180,000 |
| Buildings – at valuation | 485,000 | – | 485,000 | 450,000 |
| Office equipment | 210,996 | 174,254 | 36,742 | 53,047 |
| Furniture and fittings | 153,841 | 139,611 | 14,230 | 29,214 |
| Motor vehicles | 87,363 | 35,700 | 51,663 | 70,172 |
| Other assets | – | – | – | – |
| Total | 1,157,200 | 349,565 | 807,635 | 782,433 |
| 2006 Cost | 2006 Accum depn | 2006 Book Value | 2005 Book Value | |
|---|---|---|---|---|
| Group | ||||
| Land – at valuation | 220,000 | – | 220,000 | 180,000 |
| Buildings – at valuation | 485,000 | – | 485,000 | 450,000 |
| Office equipment | 228,526 | 189,802 | 38,724 | 56,642 |
| Furniture and fittings | 157,362 | 141,771 | 15,591 | 31,075 |
| Motor vehicles | 87,363 | 35,700 | 51,663 | 351,684 |
| Other assets | 1,423 | 1,286 | 137 | 264 |
| Total | 1,179,674 | 368,559 | 811,115 | 1,069,665 |
Land and buildings have been revalued as at 31 March 2006 and are stated at their revalued amounts as determined by Chadderton Valuation, an independent registered valuer (a member firm of the New Zealand Institute of Valuers).
The original cost of land was $457,419 and the original cost of the building was $523,063.
- Investments With Fund Managers
The parent has funds with five investment managers (fund managers), being Alliance Bernstein, AMP Asset Management, Capital International, ING (NZ) Limited and Tower Asset Management. Market values and asset allocations of these investments as at balance date were as follows:
| Alliance Bernstein (NZ$m) | AMP (NZ$m) | Capital Intn’l (NZ$m) | ING (NZ) (NZ$m) | Tower Asset Mgmnt (NZ$m) | 2006 Total (NZ$m) | 2005 Total (NZ$m) | |
|---|---|---|---|---|---|---|---|
| NZ equities | – | – | – | 24.13 | – | 24.13 | 19.74 |
| Overseas equities | 44.92 | – | 36.48 | – | – | 81.40 | 60.82 |
| NZ fixed interest | – | 24.32 | – | – | – | 24.32 | 27.93 |
| Overseas fixed interest | – | – | – | – | 46.92 | 46.92 | 44.14 |
| Property | – | 0.94 | – | – | – | 0.94 | 1.32 |
| Cash | 5.00 | 4.11 | – | 11.33 | – | 20.44 | 16.00 |
| Total | 49.92 | 29.37 | 36.48 | 35.46 | 46.92 | 198.15 | 169.95 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 126
Gazette.govt.nz —
NZ Gazette 2006, No 126
✨ LLM interpretation of page content
💰
Capital Commitments and Contingencies
(continued from previous page)
💰 Finance & RevenueGrants, Commitments, Invest South Limited, Property, Plant and Equipment
💰 Property, Plant and Equipment
💰 Finance & RevenueProperty, Plant and Equipment, Valuation, Chadderton Valuation
💰 Investments With Fund Managers
💰 Finance & RevenueInvestments, Fund Managers, Alliance Bernstein, AMP Asset Management, Capital International, ING (NZ) Limited, Tower Asset Management