✨ 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 |
17. TRUST ADVANCES
- Bluff Healthy Homes | - | 3 | - | 3 |
- Southland Outdoor Stadium Trust | 750 | 750 | 750 | 750 |
- Southland Rural Fire Authority | 10 | 20 | 10 | 20 |
- Invercargill Artificial Sport Surface Trust | - | 96 | - | 96 |
- Northern Southland Medical Trust | 50 | 50 | - | - |
- Oatau Community Health Trust | 6 | 9 | - | - |
- Troopers Memorial Corner Charitable | - | - | - | - |
- Trust - Yule House | 120 | 130 | 120 | 130 |
- Wyndham Rest Home | 100 | 100 | 100 | 100 |
- Edendale Vintage Machinery Club | - | 40 | - | 40 |
- Borland Lodge | 323 | 427 | 323 | 427 |
- Arrowtown Trust | 100 | 100 | 100 | 100 |
- South Catlins Environmental and Development Trust | 150 | 150 | 150 | 150 |
- Waihapai Rowing Club | 31 | - | 31 | - |
- Sport Southland | 27 | - | - | - |
| | $1,667 | $1,875 | $1,584 | $1,816 |
Loans are interest free with the exception of the loan to Borland Lodge which incurs interest at a fixed rate of 6.5% which is capitalised to the loan.
| Current Portion | Non-Current Portion | |||
|---|---|---|---|---|
| 2012 | 2011 | 2012 | 2011 | |
| $000 | $000 | $000 | $000 |
| | 542 | - | 1,125 | 1,875 |
| | | | 1,042 | 1,816 |
| Total | $1,667 | $1,875 | $1,584 | $1,816 |
18. INVESTMENT IN ASSOCIATES
| Associates | Percentage Held | Balance Date | Principal Activity | Consolidated Carrying Amount | |
|---|---|---|---|---|---|
| 2012 | 2011 | 2012 | |||
| $ |
- Bush Road Limited | 30% | 30% | 31 March | Vegetable Processors and Wholesalers | 113 | - |
- Taha Asia Pacific Limited | 32% | - | 31 March | Dross Recycling | 2,073 | - |
All entities are incorporated in New Zealand.
Interests in associates
Movements in carrying amounts
| Shares at cost | 2,000 |
| Impairment | (113) |
| Reversal of an Impairment | 113 |
| Share of total recognised revenues and expenses | 73 |
| Balance at 31 March 2012 | $2,186 |
| $Nil |
| $Nil |
| $Nil |
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NZ Gazette 2012, No 105
✨ LLM interpretation of page content
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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