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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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