✨ Financial Statements
19 AUGUST 2014 NEW ZEALAND GAZETTE, No. 95 2673
5
Investments
The following were the investment portfolio allocations as at 31 March 2014
Group
| 2014 | % | 2013 | % | |
|---|---|---|---|---|
| Global Equities | $20,255,681 | 59.0 | $23,196,756 | 69.0 |
| Bonds and Term Deposits | $13,308,730 | 39.2 | $10,417,325 | 31.0 |
| Hedging contracts | $463,171 | 1.3 | - | - |
| New Zealand Shares | $161,500 | 0.5 | - | - |
| $34,189,082 | 100.0 | $33,614,081 | 100.0 |
Parent
| 2014 | % | 2013 | % | |
|---|---|---|---|---|
| Global Equities | $20,255,681 | 59.9 | $23,196,756 | 69.6 |
| Bonds and Term Deposits | $12,738,730 | 38.3 | $10,147,325 | 30.4 |
| Hedging Contracts | $463,171 | 1.3 | - | - |
| Shares in New Zealand Companies | $161,500 | 0.5 | - | - |
| $33,819,082 | 100.0 | $33,344,081 | 100.0 |
6
Grants Management System Loan
The Foundation capitalised $25,000 as a loan for the development of a grants management system in conjunction with 10 other community trusts. This loan has been converted into shares in a limited partnership (Te Kete Putea Ltd.). The underlying asset of the partnership is a grants database that will amortise over its economic life. The database will be amortised over a period of 6 years, which reflects the economic life of the asset.
7
Property, Plant and Equipment
Group
| 2014 | Cost | Depreciation | Impairment | Accumulated Depreciation | Book Value | |
|---|---|---|---|---|---|---|
| Land and Building | $535,000 | $11,590 | $(77,433) | $23,180 | $434,387 | |
| Office Equipment and Furniture | $39,285 | $4,355 | - | $29,633 | $9,652 | |
| Shares in Te Kete Putea Ltd | $25,000 | $4,250 | - | $8,500 | $16,500 | |
| $599,285 | $20,195 | (77,433) | $61,313 | $460,539 |
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NZ Gazette 2014, No 95
✨ LLM interpretation of page content
💰 Investment Portfolio Allocations
💰 Finance & RevenueInvestments, Portfolio, Global Equities, Bonds, Hedging Contracts, New Zealand Shares
💰 Grants Management System Loan
💰 Finance & RevenueLoan, Grants Management System, Community Trusts, Limited Partnership, Te Kete Putea Ltd
💰 Property, Plant and Equipment
💰 Finance & RevenueProperty, Plant and Equipment, Land and Building, Office Equipment and Furniture, Shares in Te Kete Putea Ltd