68 / 100
5 Ot h e r g a i n s – n e t
Consolidated
Notes
2015
$’000
2014
$’000
Investment properties fair value gains unrealised
18
8,007
12,706
Shares in listed companies fair value gains/(losses) unrealised
3,336
(469)
Shares in unlisted companies fair value gains/(losses) unrealised
2,762
(2,306)
Gain on revaluation of Te Wherowhero title properties
19
1,808
9,821
Other gain on fair value measurement
14
1,090
3,808
Biological assets fair value gains unrealised
12
679
204
Shares in listed companies – fair value gains realised
398
-
Property, plant and equipment gain on disposal
(368)
-
Investment properties realised loss on sale
(424)
(130)
Interest rate swaps fair value gain/(losses) unrealised
(2,638)
8,214
14,650
31,848
6 R e l a t i v i t y s e t t l e m e n t
Consolidated
Notes
2015
$’000
2014
$’000
Relativity settlement – cash received
12,500
-
Relativity settlement – accrued during the year
14
57,401
19,000
Other settlement
-
1,943
69,901
20,943
Relativity is the mechanism under which further settlement is recognised (see note 1 for details and note 2.3(a) and 2.10 on
accounting policy for relativity settlement). During the year ended 31 March 2015 the Crown paid the Trust $12.5m (2014: nil) for
previously disputed amounts under the mechanism.
The relativity settlement revenue accrued during the year will not be settled until 2017.
waikato raupatu lands trust
notes to the financial statements
f o r t h e y e a r e n d e d 3 1 m a r c h 2 0 1 5
66