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 196 174   196 174
Titanox Development Limited 195 195   - -
 
Investments in Subsidiaries
WaikatoLink Limited - -   2,000 2,000
  609 586   2,414 2,392

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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