✨ Financial Statements Notes
2 AUGUST 2010 NEW ZEALAND GAZETTE, No. 93 2483
Notes to the financial statements
in New Zealand Dollars ($000’s)
18 Financial instruments (continued)
Reconciliation of Level 3 financial assets
| Group | |
|---|---|
| 2010 | |
| Opening balance | 62,159 |
| Purchases | 1,706 |
| Sales | (26,482) |
| Total gains and losses recognised in other comprehensive income | (4,265) |
| Closing balance | 33,118 |
| Total gains and losses for assets held at the end of the year | (4,265) |
There were no transfers between categories in the year.
Disclosures in respect of the valuation techniques used are made in Note 4.
19. Operating leases
Leases as lessee
Non-cancellable operating lease rentals are payable as follows:
| Group | ||
|---|---|---|
| 2010 | 2009 | |
| Less than one year | - | 1 |
| Between one and five years | 36 | - |
| More than five years | - | - |
| 36 | 1 |
Leases as lessor
The Group leases out its investment property held under operating leases (see note 11). The future minimum lease payments under non-cancellable leases are as follows:
| Group | ||
|---|---|---|
| 2010 | 2009 | |
| Less than one year | 2,476 | 1,819 |
| Between one and five years | 3,769 | 4,903 |
| More than five years | 748 | 1,631 |
| 6,995 | 8,353 |
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NZ Gazette 2010, No 93
✨ LLM interpretation of page content
💰
Canterbury Community Trust Financial Statements Notes
(continued from previous page)
💰 Finance & Revenue5 July 2010
Financial Instruments, Operating Leases, Valuation Techniques, Rental Payments, Canterbury Community Trust