Notes to the Summary Group Financial Statements continued

Available For Sale Investments Carried at Cost Less Accumulated Impairment

Recognition and Measurement

Investments in an entity where the Group does not have significant influence, joint control or control are split between: Long term hold investments (Available for Sale financial assets) – the values of these investments are stated at fair value with any change in value taken to an asset revaluation reserve within equity except for dividends, foreign exchange gains and loss and cumulative impairment losses. When this investment is impaired or disposed of, the cumulative gain / loss is taken to the profit or loss. Impairment losses shall not be reversed through profit or loss if the fair value subsequently recovers.

Investments held for trading (FVTPL) – this investment is recorded at fair value with any changes in value being taken to the profit or loss account. Dividends from these investments are recognised in the profit or loss when the right to receive the dividend is established.

Te Rūnanga o Ngāi Tahu and Ngāi Tahu Charitable Trust