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Note 7 continued

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

Group

Parent

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Share of associate’s balance sheet:

Current assets

-

1

-

-

Current liabilities

-

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

2017

$000s

2016

$000s

2017

$000s

2016

$000s

Cash Holdings:

Cash at bank and in hand

2,865

2,403

2,707

2,136

Call accounts — foreign currencies

1,591

1,205

1,591

1,205

Call accounts — New Zealand dollar

472

1,653

472

1,562

4,927

5,261

4,770

4,903

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:

2017

$000s

2016

$000s

2017

$000s

2016

$000s

New Zealand Dollar

1,611

2,443

1,453

2,085

United States Dollar

466

90

466

90

British Pound

822

206

822

206

Australian Dollar

86

140

86

140

European Euro

376

238

376

238

Japanese Yen

343

829

343

829

Singapore Dollar

494

134

494

134

Canadian Dollar

45

18

45

18

Indian Rupee

458

451

458

451

Other Asian Currencies

226

713

226

713

4,927

5,261

4,770

4,903

Cash Holdings by Bank:

HSBC Bank

3,913

3,324

3,755

2,966

National Bank of New Zealand

777

1,884

777

1,884

ASB Bank

19

20

19

20

Bank of New Zealand

2

3

2

3

Tokyo Mitsubishi

216

31

216

31

4,927

5,261

4,770

4,903

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