New Zealand Gazette – 2010 – No. 109

Page 2939

✨ Financial Statements



30 AUGUST 2010

NEW ZEALAND GAZETTE, No. 109

2939

THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2010

14. INVESTMENTS OTHER

Interest Rate Group 2010 $'000 Group 2009 $'000 Parent 2010 $'000 Parent 2009 $'000
Investments in listed equities 279 283 126 -
Investments in unlisted equities 2,368 394 - -
Advances to third parties 3,105 3,911 - -
Short term deposits 882 1,901 104 189
Total 6,634 6,489 230 189

(i) Investment in listed entities

  • Perpetual Preference Shares
    • South Canterbury Finance: 9.42% | 126 | 210 | 126 | -
    • Pacific Edge Biotechnology Limited: | 153 | 73 | - | -
    • Total | $279 | $283 | $126 | $Nil

(ii) Investments in un-listed entities

  • Areograph Limited | 303 | 219 | - | -
  • IZON Limited | 250 | 150 | - | -
  • Back Country Foods Limited Preference Shares | - | 25 | - | -
  • Fiordland Lobster Company | 2,000 | - | - | -
  • Less impairment provision | (185) | - | - | -
    • Total | $2,368 | $394 | $Nil | $Nil

Note: Investments in unlisted equities are shown at cost, as it is not possible to get a reliable fair value estimate.

(iii) Advances to third parties

  • | 3,185 | 4,411 | - | -
  • Less impairment provision | (80) | (500) | - | -
    • Total | $3,105 | $3,911 | $Nil | $Nil

Note: Advances to third parties are at interest rates between 13% and 13.5% (2009: 11.85% and 13.50%).

Interest Rate Group 2010 $'000 Group 2009 $'000 Parent 2010 $'000 Parent 2009 $'000
(iv) Short term deposits
Westpac on call 3.00% 104 189 104 189
SBS 4.65% 626 599 - -
National Bank 4 - 4.2% 152 1,113 - -
Total $882 $1,901 $104 $189


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2010, No 109




✨ LLM interpretation of page content

💰 Financial Report of the Community Trust of Southland (continued from previous page)

💰 Finance & Revenue
Financial Statements, Notes, Investments, Advances, Short-term Deposits