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

2008 Annual Report

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Notes to the Financial Statements 

Note 10: Short Term Investments

Consolidated University
This Year Last Year This Year Last Year
$000 $000 $000 $000
Short Term Investments
Term Deposits with maturities of 4-12 months - 3,000 - 3,000
Total Short Term Investments - 3,000 - 3,000

The weighted average effective interest rates on bank term deposits are disclosed in Note 26: 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.

There were no impairment provisions for investments.

Investment in Subsidiaries

Ownership Balance Date Net Assets
  (approx fair value) as at 31 December
        This Year   Last Year
        $000   $000
Student Campus Building Fund Trust   Controlling 31 December 1,198   1,198
Principal Activity: Charitable Trust, finances facilities for the students of the University  
WaikatoLink Limited   100% 31 December 14,010   14,010
Principal Activity: Commercialisation holding company  
The University of Waikato Foundation Trust   Controlling 31 December (53)   (53)
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  
The University of Waikato Research Trust   Controlling 31 December 14,539   14,539
Principal Activity: To provide for the advancement of education and academic research at the University  

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