✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2011
14. INVESTMENTS OTHER
| Interest Rate | Group 2011 $000 | Group 2010 $000 | Parent 2011 $000 | Parent 2010 $000 | |
|---|---|---|---|---|---|
| Investments in listed equities | (i) | 168 | 279 | 168 | 126 |
| Investments in unlisted equities | (ii) | 4,533 | 2,368 | - | - |
| Advances to third parties | (iii) | 2,526 | 3,105 | - | - |
| Short term deposits | (iv) | 365 | 882 | 206 | 104 |
| Total | 7,592 | 6,634 | 374 | 230 |
(i) Investment in listed entities
- Perpetual Preference Shares
- South Canterbury Finance | 9.42% | - | 126 | - | 126 |
- Pacific Edge Biotechnology Limited | | 168 | 153 | 168 | - |
Total | $168 | $279 | $168 | $126 |
(ii) Investments in unlisted entities
- Areograph Limited | | 393 | 303 | - | - |
- IZON Limited | | 250 | 250 | - | - |
- Rothbury Group Limited | | 2,000 | - | - | - |
- Fiordland Lobster Company | | 2,000 | 2,000 | - | - |
- Less impairment provision | | (110) | (185) | - | - |
Total | $4,533 | $2,368 | $Nil | $Nil |
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
- Advances to third parties | | 2,580 | 3,185 | - | - |
- Less impairment provision | | (54) | (80) | - | - |
Total | $2,526 | $3,105 | $Nil | $Nil |
Advances to third parties are at interest rates between 13% and 13.5% (2010: 13% and 13.5%).
(iv) Short term deposits
| Interest Rate | Group 2011 $000 | Group 2010 $000 | Parent 2011 $000 | Parent 2010 $000 | |
|---|---|---|---|---|---|
| Westpac on call | 3.00% | 206 | 104 | 206 | 104 |
| SBS | 4.65% | - | 626 | - | - |
| National Bank | 4 - 4.2% | 159 | 152 | - | - |
Total | $365 | $882 | $206 | $104 |
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NZ Gazette 2011, No 146
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Financial Statements of the Community Trust of Southland
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💰 Finance & Revenue24 August 2011
Financial Statements, Community Trust, Southland, Investments, Equities, Advances, Deposits