✨ 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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✨ LLM interpretation of page content
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Financial Statements of the Community Trust of Southland
(continued from previous page)
💰 Finance & Revenue24 August 2011
Financial Statements, Community Trust, Southland, Investments, Associates, Subsidiaries
NZ Gazette 2011, No 146