✨ Financial Statements Notes
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2012
| Group | Parent | |||
|---|---|---|---|---|
| 2012 | 2011 | 2012 | 2011 | |
| $000 | $000 | $000 | $000 |
15. INVESTMENTS – OTHER (Cont'd)
(ii) Investments in un-listed entities
- IZON Limited | 250 | 250 | - | -
- Rothbury Group Limited | 2,000 | 2,000 | - | -
- Fiordland Lobster Company | 2,000 | 2,000 | - | -
- Areograph Limited | 393 | 393 | - | -
- Less impairment provision | (346) | (110) | - | -
| 4,297 | 4,533 | $Nil | $Nil
Investments in unlisted and listed equities are shown at cost, as it is not possible to get a reliable fair value estimate.
(iii) Advances to third parties
| 2,199 | 2,580 | - | -- Less impairment provision | - | (54) | - | -
| $2,199| $2,526| $1,584| $Nil
The third party advances relate to certain lending activities carrying interest rates between 10% and 13%.
- Current Portion | 1,074 | - | - | -
- Non-Current Portion | 1,125 | - | - | -
| 2,199 | $Nil | $Nil | $Nil
(iv) Short term deposits
- Westpac on call | 395 | 206 | 395 | 206
- National Bank | - | 159 | - | -
| $395 | $365 | $395 | $206
16. MANAGED FUNDS
The Group has funds with seven investment managers (Fund Managers) as follows:
- AMP Capital Investors
- Capital International
- Direct Capital
- First New Zealand Capital
- Franklin Templeton
- Pacific Investment Management Company (PIMCO)
- Tyndall Investment Management
During the year Franklin Templeton replaced Alliance Bernstein as one of the fund managers investing in overseas equities.
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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