The University of Waikato - Te Whare Wananga o WaikatoThe University of Waikato - Te Whare Wananga o Waikato

2006 Annual Report

   
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Notes to the Financial Statements 

Note 4: Investments

Consolidated University
This Year
$000
Last Year
$000
This Year
$000
Last Year
$000
Short Term Investments
Bank Term Deposits 18,523 26,674 16,400 23,050
The University of Waikato Foundation Loan - - 88 83
The University of Waikato Alumni Association Inc. Loan - - - 33
Campus Services Limited Loan 13 16 13 16
NZ TEC Consortium Limited 20 - 20 -
WaikatoLink Limited Investments 11 - - -
Total Short Term Investments 18,567 26,690 16,521 23,182
 
Investments  
Campus Services Limited Loan - 12 - 12
Campus Services Limited Investment 1,447 1,221 374 374
LCo New Zealand Limited Investment 601 570 501 501
WaikatoLink Limited Investments 1,367 628 - -
Total Term Investments 3,415 2,431 875 887

The weighted average effective interest rates on bank term deposits are disclosed in Note 11: Financial Instruments.

As the maturities for the bank term deposits are all for a period of less than six months they have not been repriced.

Investment in Associates Ownership Balance Date
Campus Services Limited 50% 31 December

Principal Activity: Provision of sport & recreation facilities and food & entertainment outlets for the University students and staff.

Consolidated
This Year
$000
  Last Year
$000
The University's share of the results of Campus Services Limited is as follows:  
Share of Retained Surplus 226   270
 
Investment in Associate  
Opening Balance 1,221   951
Share of Retained Surplus 226   270
Closing Balance 1,447   1,221
 
Represented by:  
Share of increase in net assets of associate (Carrying Value) 1,447   1,221
Investment in Associates Ownership Balance Date
LCo New Zealand Limited (LCoNZ) 24% 31 December

Principal Activity: A consortium of four New Zealand universities providing library solutions to those universities.


Consolidated
This Year
$000
  Last Year
$000
The University's share of the results of LCoNZ is as follows:  
Share of Retained Surplus 31   47
 
Investment in Associate  
Opening Balance 570   523
Equity Invested -   -
Share of Retained Surplus 31   47
Closing Balance 601   570
 
Represented by:  
Share of increase in net assets of associate (Carrying Value) 601   570


Investment in Subsidiaries

Ownership Balance Date Net Assets
(approx fair value)
as at 31 December
      This Year
$000
  Last Year
$000
Student Campus Building Fund Trust Controlling 31 December 868   560
Principal Activity: Charitable Trust, finances facilities for the students of the University
 
WaikatoLink Limited 100% 31 December 6,847   4,415
Principal Activity: Commercialisation holding company
 
The University of Waikato Foundation Controlling 31 December (53)   (83)
Principal Activity: Charitable Trust, raises funds for the University
 
The University of Waikato Alumni Association Incorporated Controlling 31 December -   -
Principal Activity: To foster, develop and maintain an ongoing relationship with past, present and future students of The University of Waikato


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