✨ Financial Statements
15 AUGUST 2012 NEW ZEALAND GAZETTE, No. 96 2635
Notes to the financial statements (continued)
in New Zealand Dollars ($000’s)
14 Financial instruments (continued)
The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:
- Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities
- Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices)
- Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
| 31 March 2012 | Level 1 | Level 2 | Level 3 | Total |
|---|---|---|---|---|
| Financial assets designated at fair value through profit or loss | ||||
| New Zealand fixed interest debt securities | - | 9,527 | - | 9,527 |
| Australasian equities | 7,409 | - | - | 7,409 |
| Global bonds | 69,610 | - | - | 69,610 |
| Global equities | 58,561 | - | - | 58,561 |
| Global property | - | 145,107 | - | 145,107 |
| Total | - | 145,107 | - | 290,214 |
There have been no transfers between levels in either direction during the year (2011: nil).
| 31 March 2011 | Level 1 | Level 2 | Level 3 | Total |
|---|---|---|---|---|
| Financial assets designated at fair value through profit or loss | ||||
| New Zealand fixed interest debt securities | - | 15,167 | - | 15,167 |
| Australasian equities | 7,605 | - | - | 7,605 |
| Global bonds | 69,987 | - | - | 69,987 |
| Global equities | 45,072 | - | - | 45,072 |
| Global property | - | 5,254 | - | 5,254 |
| Total | 122,664 | 20,421 | - | 143,085 |
All Trusts assets are defined as level 1 assets.
15 Operating leases
Leases as lessee
Non-cancellable operating lease in relation to the Trust’s administrative office rentals are payable as follows:
| 2012 | 2011 | |
|---|---|---|
| Less than one year | 34 | 39 |
| Between one and five years | 372 | - |
| Total | 406 | 39 |
Lease is for a 6 year term until 30 September 2017 with 1 right of renewal for 6 yrs.
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NZ Gazette 2012, No 96
✨ LLM interpretation of page content
💰
Statement of financial position for BayTrust
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Financial Instruments, Fair Value, Valuation Methods, Leases, BayTrust