✨ Financial Statements
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 119 3201
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2013
19. INVESTMENT IN SUBSIDIARIES
The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiary in accordance with the accounting policy described in note 2(b):
The subsidiary is incorporated in New Zealand.
| Subsidiaries | Percentage Held | Balance Date | Principal Activity |
|---|---|---|---|
| Southland Community Trust Charities Limited | 100% | 31 March | Distribution of grants to charitable organisations |
| Invest South Holdings Limited (formerly Invest South Limited) | 100% | 31 March | Debt funding and equity investments |
| Invest South GP Limited | 100% | 31 March | Management company |
| Invest South Limited Partnership | 100% | 31 March | Asset Management |
| Back Country Foods Limited | 59.2% | 31 March | Freeze dried food producer |
20. PROPERTY, PLANT & EQUIPMENT
| Land | Buildings | Equipment | Furniture & Fittings | Motor Vehicles | Total | |
|---|---|---|---|---|---|---|
| $000 | $000 | $000 | $000 | $000 | $000 | |
| Group | ||||||
| Cost or Valuation at 31 March 2011 | 375 | 741 | 634 | 257 | 156 | 2,163 |
| Additions/Revaluations | - | - | 59 | 13 | 25 | 97 |
| Disposals/Revaluations | (15) | (6) | (41) | - | (22) | (84) |
| Cost or Valuation at 31 March 2012 | 360 | 735 | 652 | 270 | 159 | 2,176 |
| Additions/Revaluations | - | - | 22 | 117 | - | 157 |
| Disposals/Revaluations | - | - | (238) | - | (2) | (240) |
| Cost or Valuation at 31 March 2013 | 360 | 757 | 531 | 288 | 157 | 2,093 |
| Accumulated depreciation at 31 March 2011 | - | 266 | 278 | 195 | 36 | 775 |
| Depreciation | - | 20 | 73 | 5 | 30 | 128 |
| Disposals | - | - | (17) | - | (18) | (35) |
| Accumulated depreciation at 31 March 2012 | - | 286 | 334 | 201 | 48 | 868 |
| Depreciation | - | 22 | 94 | 8 | 30 | 154 |
| Disposals | - | - | (232) | - | (1) | (233) |
| Accumulated depreciation at 31 March 2013 | - | 308 | 196 | 208 | 77 | 789 |
| Net book value 31 March 2012 | $360 | $449 | $318 | $70 | $111 | $1,308 |
| Net book value 31 March 2013 | $360 | $450 | $334 | $80 | $80 | $1,304 |
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NZ Gazette 2013, No 119
✨ LLM interpretation of page content
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Financial Report of the Community Trust of Southland
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💰 Finance & Revenue15 August 2013
Financial Statements, Trustees, Community Trust, Southland, Accounting Policies, Goodwill, Cash Flows, Financial Assets, Liabilities, Investments, Unlisted Equities, Listed Equities, Managed Funds