✨ Financial Statements Notes
THE CANTERBURY COMMUNITY TRUST
Notes to the financial statements
For the year ended 31 March 2013
in New Zealand Dollars ($000's)
19. Financial instruments (continued)
Reconciliation of Level 3 financial assets
| Group 2013 | Group 2012 | Trust 2013 | Trust 2012 (Unaudited) | |
|---|---|---|---|---|
| Opening balance | 14,086 | 19,851 | 1,386 | 1,618 |
| Purchases | 1,496 | 1,872 | 3 | 17 |
| Sales | (3,687) | (7,970) | (69) | 0 |
| Total gains and losses recognised in profit and loss | 1,151 | 333 | 33 | (249) |
| Closing balance | 13,046 | 14,086 | 1,353 | 1,386 |
Total gains and losses for assets held at end of the year
| | 1,151 | 333 | 33 | (249) |
There were no transfers between categories in the year.
Disclosures in respect of the valuation techniques used are made in note 4.
20. Operating leases
Leases as lessee
Non-cancellable operating lease rentals are payable as follows:
| Group 2013 | Group 2012 | Trust 2013 | Trust 2012 (Unaudited) | |
|---|---|---|---|---|
| Less than one year | 123 | 123 | 0 | 0 |
| Between one and five years | 492 | 521 | 0 | 0 |
| More than five years | 503 | 123 | 0 | 0 |
| 1,118 | 767 | 0 | 0 |
Leases as lessor
The Group leases out its investment property held under operating leases (see note 11). The future minimum lease payments under non-cancellable leases are as follows:
| Group 2013 | Group 2012 | Trust 2013 | Trust 2012 (Unaudited) | |
|---|---|---|---|---|
| Less than one year | 1,680 | 1,889 | 0 | 0 |
| Between one and five years | 4,668 | 2,471 | 0 | 0 |
| More than five years | 4,322 | 337 | 0 | 0 |
| 10,670 | 4,697 | 0 | 0 |
Next Page →
NZ Gazette 2013, No 123
✨ LLM interpretation of page content
💰
Notes to the Financial Statements for The Canterbury Community Trust
(continued from previous page)
💰 Finance & Revenue3 July 2013
Financial instruments, Level 3 assets, Reconciliation, Operating leases, Lessee, Lessor, Future minimum lease payments