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Annual Report 2010 - Christchurch City Council

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Vested assets Financial statements <strong>Annual</strong> <strong>Report</strong><br />

<strong>Christchurch</strong> Otautahi<br />

<strong>2010</strong><br />

p165.<br />

Notes to financial statements<br />

9. Vested assets<br />

Parent<br />

Group<br />

30 Jun 10 30 Jun 09 30 Jun 10 30 Jun 09<br />

Actual Actual Actual Actual<br />

$000s $000s $000s $000s<br />

Restricted land and buildings 2,091 10,227 2,091 10,227<br />

Infrastructure assets 4,924 8,279 4,924 8,279<br />

Investments - 6,095 - 6,095<br />

Other 54 197 54 197<br />

Total vested asset income 7,069 24,798 7,069 24,798<br />

In 2009 <strong>Council</strong> received net assets of $11.1 million as a result of the<br />

vesting of the assets of the Victory Park Board to <strong>Council</strong>.

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