Notes to the Financial Statements 

Note 13: Investments

Consolidated University
This Year Last Year This Year Last Year
$000 $000 $000 $000
Strategic Investments
NZ Tec Consortium Limited 20 20 20 20
NZ Synchrotron Group Limited 198 198 198 198
Hamilton Fibre Network (HFN) Limited 174 32 174 32
Titanox Development Limited 194 194 - -
 
Investments in Subsidiaries
WaikatoLink Limited - - 2,000 2,000
  586 444 2,392 2,250

Investments in unlisted entities, and subsidiaries above are carried at cost less impairment because either the fair value of the investment cannot be reliably determined using a standardised valuation technique or due to cost not being materially different to fair value.



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