Berry Street Web Docs Financial Report 2014 | Page 26

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014

Note 20: FAIR VALUE MEASUREMENTS
The Association has the following assets, as set out in the table below, that are measured at fair value
on a recurring basis after their initial recognition. The Association does not have any liabilities that are
carried at fair value in the statement of financial position and has no assets or liabilities that are
measured at fair value on a non-recurring basis.
Note

2014
$

2013
$

6

7,500,000

10,375,000

6

23,604,356

18,850,058

6

1,465,875

2,385,300

32,570,231

31,610,358

5,462,300
5,440,872

5,897,300
5,948,438

10,903,172

11,845,738

Recurring Fair Value Measurements
Financial Assets
Financial assets at fair value through profit or loss
- Term Deposits
Available for sale financial assets
- Managed investment funds
Held for Trading:
- At fair value
- Shares in listed corporations

Property, plant and equipment
Freehold land
Freehold buildings

8
8

a) For investments in listed shares, the fair values have been determined based on closing quoted
bid prices at the end of the reporting period.
b) For freehold land and buildings, the fair values are based on a directors’ valuation performed
taking into account an external independent valuation performed in 2011-12 year, which had
used comparable market data for similar properties.
NOTE 21: SUBSEQUENT EVENTS
Since the end of the reporting date the association is not aware of any events that may have a bearing on
the presentation and disclosure of the financial statements as at 30 June 2014.
th

The financial report was authorised for issue by the Board of Directors on 7 October 2014.

NOTE 22: ASSOCIATION DETAILS
The registered office and principal place of business of the Association is:
Berry Street Victoria Inc.
1 Salisbury Street
RICHMOND
VIC 3121

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