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57
notes to the financial Statements
for the year ended 31 March 2012
17. Other financial assets
Group
Current
Non-current
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Investments carried at amortised cost
Other investments
-
-
100
100
Parent
Current
Non-current
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Loans carried at amortised cost
Loans to subsidiaries
9,431
8,716
-
-
Investments carried at amortised cost
Other investments
-
-
100
100
9,431
8,716
100
100
Loans to subsidiaries
Parent
2012
2011
$’000
$’000
Clearwater Hydro Limited
2,704
3,607
Less impairment loss on Clearwater Hydro Limited loan
(779)
Scope Infrastructure Limited
952
1,175
Matawai Hydro Limited
1,028
166
Speedy’s Road Hydro Limited
5,526
3,768
9,431
8,716
No interest is charged on intercompany loans and the loans have no predetermined settlement date.
Impairment loss recognised on loans to subsidiaries
Parent
2012
2011
$’000
$’000
Opening Balance
-
-
Provision for receivables impairment
779
-
779
-
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