Rangatira Annual Report 2023 - Flipbook - Page 68
68
R anga tira Annua l Rep or t 2 0 2 3
Rangatira Group
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2023
Note 24 Financial Instruments (continued)
Level 1
$000
Level 2
$000
Level 3
$000
Total
$000
3,271
-
-
3,271
-
-
270
270
51,737
-
-
51,737
Minority Shareholding in unlisted NZ companies
-
18,501
42,466
60,967
NZ Venture Capital Funds and Investments
-
4,170
-
4,170
NZ Agricultural LPs
-
-
18,678
18,678
Australian Venture Capital Funds
-
882
-
882
US Venture Capital Funds
-
6,489
-
6,489
Total financial assets at fair value
55,008
30,042
61,414
146,464
2023
Level 1
$000
Level 2
$000
Level 3
$000
Total
$000
3,117
-
-
3,117
-
110
-
110
38,787
-
-
38,787
19,173
-
19,173
6,440
-
6,440
19,924
19,924
2022
Financial assets at fair value through profit and loss
Listed Shares
NZ Venture Capital Funds
Fair value through other comprehensive income
Listed Shares
Financial assets at fair value through profit and loss
Listed Shares
NZ Venture Capital Funds
Fair value through other comprehensive income
Listed Shares
Minority Shareholdings in unlisted NZ companies
NZ Venture Capital Funds and Investments
-
NZ Agricultural LPs
Australian Venture Capital Funds
1,803
-
1,803
US Venture Capital Funds
7,895
-
7,895
35,421
19,924
97,249
Total financial assets at fair value
41,904
The Group has investments in unlisted equity securities carried at an estimate of fair value. As there is no quoted market price for
these securities, valuation techniques must be utilised to determine fair value. The valuations are carried out using the IPEV valuation
guidelines, which also ensure compliance with NZ IFRS 13.