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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