Notes to the Financial Statements

Note 15: Other Financial Assets

Consolidated University
This Year Last Year This Year Last Year
$000 $000 $000 $000
Listed Securities: Equity Securities in NZ
Balance at the Beginning of the Year 297 237   - -
Additions - -   - -
Disposals (481) -   - -
Fair Value Gain/(Loss) through surplus or deficit 184 60   - -
Balance at the End of the Year - 297   - -
 
The carrying value is comprised of:
Cost - 750   - -
Fair Value Gain/(Loss) through surplus or deficit - (453)   - -
  - 297   - -

All investments are designated at fair value from initial recognition. The consolidated listed securities were disposed of during 2010.

Listed shares are recognised at their fair value determined using published bid price quotations from the NZSX at balance date.



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