New Zealand Gazette – 2013 – No. 110

Page 2990

✨ Financial Statements



Bay of Plenty Community Trust Incorporated

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 2013

Level 1 Level 2 Level 3 Total
Financial assets designated at fair value through profit or loss
Unlisted unit trust - NZ fixed interest debt securities - 9,124 - 9,124
Unlisted unit trust - Australasian equities - 9,365 - 9,365
Unlisted unit trust - Global bonds - 76,758 - 76,758
Unlisted unit trust - Global equities - 64,360 - 64,360
Te Kea Putea Limited Partnership - - 90 90
Total - 159,607 90 159,697

There have been no transfers between levels in either direction during the year (2012: nil).

31 March 2012

Level 1 Level 2 Level 3 Total
Financial assets designated at fair value through profit or loss
Unlisted unit trust - NZ fixed interest debt securities - 9,527 - 9,527
Unlisted unit trust - Australasian equities - 7,409 - 7,409
Unlisted unit trust - Global bonds - 69,610 - 69,610
Unlisted unit trust - Global equities - 58,561 - 58,561
Total - 145,107 - 145,107

In previous years financial statements 'unlisted unit trusts' were classified as level 1 in the fair value hierarchy. This year they have been classified as level 2 as we consider this better aligns with market practice. The comparatives have been updated to reflect this change.

All fair value gains and losses are shown in Note 4.

15 Operating leases

Leases as lessee

Non-cancellable operating lease in relation to the Trust's administrative office rentals are payable as follows:

2013 2012
Less than one year 68 34
Between one and five years 305 372
Total 373 406

Lease is for a 6 year term until 30 September 2017 with 1 right of renewal for 6yrs.



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2013, No 110




✨ LLM interpretation of page content

💰 Bay of Plenty Community Trust Incorporated Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Community Trusts, Bay of Plenty, Financial Instruments, Investment Portfolio, Valuation Techniques, Fair Value, Leases