Financial Statements




4172 NEW ZEALAND GAZETTE, No. 146 28 SEPTEMBER 2011

THE COMMUNITY TRUST OF SOUTHLAND

NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS

For the Year Ended 31 March, 2011

17. INVESTMENT IN ASSOCIATES (cont)

Movement in the carrying amount of the Group’s investments in associates:

Group
2011
$000
Opening balance
Reclassification as a 103
subsidiary
Share of profits of -
associates
Share of dividends (103)
Impairment -
Closing balance $Nil

The Group’s share of contingent liabilities of associates are disclosed in note 26.

18. INVESTMENT IN SUBSIDIARIES

Subsidiaries Percentage Held Balance Date Principal Activity
Southland Community Trust Charities Limited 100% 31 March Distribution of grants to charitable
organisations
Invest South Holdings Limited (formerly 100% 31 March Debt funding and equity investments
Invest South Limited)
Invest South GP Limited 100% 31 March Management company
Invest South Limited Partnership 100% 31 March Asset Management
Back Country Foods Limited 80% 31 March Freeze dried food producer
  • Refer Note 27


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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 146





✨ LLM interpretation of page content

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

💰 Finance & Revenue
24 August 2011
Financial Statements, Community Trust, Southland, Investments, Associates, Subsidiaries