ANNUAL REPORT - Ashburton Minerals

Notes To The Financial Statements
For The Year Ended 30 June 2007
Note 9: Trade and Other Receivables
Economic Entity
Parent Entity
2007 2006 2007 2006
$ $ $ $
Current
Other receivables:
- Deposits 30,201 42,231 30,212 42,231
- Other receivables 4,603 46,571 2,850 -
- Goods and services tax 26,285 24,491 18,749 17,929
61,089 113,293 51,811 60,160
Non-Current
Amounts receivable from:
- wholly-owned entities - - 3,375,142 2,288,271
- associated companies 94,623 94,623 - -
94,623 94,623 3,375,142 2,288,271
Note 10: Investments Accounted for Using the Equity Method
Economic Entity
Parent Entity
2007 2006 2007 2006
$ $ $ $
Investments in associated
entities - at cost - - - 2
Less: Provision for diminution in value - - - -
- - - 2
Note 11: Other Financial Assets
Note Economic Entity Parent Entity
2007 2006 2007 2006
$ $ $ $
Available-for-sale financial assets 11(a) 3,201 3,201 881,701 881,701
Less non current portion 1 1 878,501 878,501
Current portion 3,200 3,200 3,200 3,200
(a) Available-for-sale Financial
Assets Comprise:
Unlisted investments, at cost
- shares in controlled entities - - 878,500 878,500
- interest in other corporations 272,450 272,450 272,450 272,450
- Less provision for impairment (269,249) (269,249) (269,249) (269,249)
Total available-for-sale financial assets 3,201 3,201 881,701 881,701
Available-for-sale financial assets comprise investments in the ordinary share capital of various entities. There are no fixed returns
or fixed maturity date attached to these investments.
The fair value of unlisted available-for-sale financial assets cannot be reliably measured as variability in the range of
reasonable fair value estimates is significant. As a result, all unlisted investments are reflected at cost.
Unlisted available-for-sale financial assets exist within active markets and could be disposed of if required.
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Ashburton Minerals Ltd 2007