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Note 7 continued

The following table illustrates summarised information of the investment in The New Zealand Way Limited:

Group

Parent

2016

$000s

2015

$000s

2016

$000s

2015

$000s

Share of associate’s balance sheet:

Current assets

1

1

-

-

Current liabilities

1

1

-

-

Net assets

-

-

-

-

Share of associate's revenue and (deficit)/surplus:

Revenue

-

-

-

-

Net (deficit)/surplus

-

-

-

-

Carrying amount at beginning of year

-

-

-

-

Carrying amount at end of year

-

-

-

-

Note 8

Cash and cash equivalents

Group

Parent

2016

$000s

2015

$000s

2016

$000s

2015

$000s

Cash Holdings:

Cash at bank and in hand

2,403

1,892

2,137

1,869

Call accounts — foreign currencies

1,205

4,336

1,205

4,336

Call accounts — New Zealand dollar

1,653

138

1,562

2

5,261

6,366

4,903

6,207

Cash at bank and in hand generally earns interest at floating rates based on daily bank deposit rates.

Call account deposits are made depending on the immediate cash requirements of the Group, and earn interest at the respective

money market call rates.

Group

Parent

Cash Holdings by Currency:

2016

$000s

2015

$000s

2016

$000s

2015

$000s

New Zealand Dollar

2,443

423

2,085

264

United States Dollar

90

263

90

263

British Pound

206

300

206

300

Australian Dollar

140

102

140

102

European Euro

238

2,269

238

2,269

Japanese Yen

829

791

829

791

Singapore Dollar

134

624

134

624

Canadian Dollar

18

25

18

25

Indian Rupee

451

498

451

498

Other Asian Currencies

713

1,070

713

1,070

5,261

6,365

4,903

6,206

Cash Holdings by Bank:

HSBC Bank

3,324

5,903

2,966

5,743

National Bank of New Zealand

1,884

319

1,884

319

ASB Bank

20

20

20

20

Bank of New Zealand

3

3

3

3

Tokyo Mitsubishi

31

121

31

121

5,261

6,365

4,903

6,206

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