✨ Financial Statements
29 AUGUST 2012 NEW ZEALAND GAZETTE, No. 105 3031
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2012
| Group | Parent | ||
|---|---|---|---|
| 2012 | 2011 | 2012 | |
| $000 | $000 | $000 |
12. INVENTORIES
Raw materials and packing | 224 | 191 | - | -
Finished goods | 18 | 29 | - | -
| $243 | $220 | $Nil | $Nil
13. MINORITY INTEREST
Opening balance at the beginning of the year | 125 | 95 | - | -
Share of profits for the year | 105 | 30 | - | -
Minority Interest Adjustment | 54 | - | - | -
| $284 | $125 | $Nil | $Nil
14. GOODWILL
Gross carrying amount
Balance at beginning of financial year | 32 | 32 | - | -
Additions during the period | - | - | - | -
Impairment charge | - | - | - | -
| $32 | $32 | $Nil | $Nil
Allocation of goodwill to cash-generating units
Goodwill has been allocated for impairment testing purposes to the following cash-generating units representing the lowest level at which management monitor goodwill – Back Country Foods.
During the year ended 31 March 2012, management have determined that there is no evidence of impairment of any of the cash generating units containing goodwill.
15. INVESTMENTS - OTHER
| Group | Parent | ||
|---|---|---|---|
| 2012 | 2011 | 2012 | |
| $000 | $000 | $000 |
Investments in listed equities (i) | 168 | 168 | 168 | 168
Investments in unlisted equities (ii) | 4,297 | 4,533 | - | -
Advances to third parties (iii) | 2,199 | 2,526 | - | -
Short term deposits (iv) | 395 | 365 | 395 | 206
| $7,059 | $7,592 | $563 | $374
(i) Investment in listed entities
Pacific Edge Biotechnology Limited | $168 | $168 | $168 | $168
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NZ Gazette 2012, No 105
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Financial Report of the Community Trust of Southland
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💰 Finance & RevenueFinancial Report, Community Trust, Southland, 2012, Statements, Notes, Audit, Accounting Policies, Interest