Page 26 - PNMRT AnnRpt 2020

PALMERSTON NORTH MA¯ ORI RESERVE TRUST
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020
3. INVESTMENT PROPERTIES (continued) Balance at 1 April
Acquisition on Consolidation of Haukawakawa Limited Partnership
Acquisitions
89-95 Thordon Quay, Wellington Countdown Seismic Strengthening
Disposals
Buildings only at 24 Ngata Street, Palmerston North 21-45 Ward Street, Palmerston North
Loss on Sale Change in fair value
Balance at 31 March
Carrying Value of Individual Properties:
Countdown Supermarket – 247-271 Rangitikei Street, Palmerston North
Tikei Mall – 168-208 Rangitikei Street, Palmerston North
Nash Street Development (Mitre 10 Mega) – 250-270 Featherston Street, Palmerston North
Hostels
Palmy 31 – 29 & 31 Ngata Street, 40 & 42 Carroll Street, Palmerston North
Baxters – 9-17 Ranfurly Street, Palmerston North
2019 $
76,981,500 2,700,000
3,500,000 306,938
3,806,938
(75,000) (2,600,000)
(2,675,000)
(595,000) 5,423,062
$85,641,500
2019 $
15,320,000 13,250,000
20,760,000
49,330,000
2,450,000
1,720,000
4,170,000
2020 $
85,641,500 –
– –
–
– –
–
– 1,788,500
$87,430,000
2020 $
15,400,000 14,000,000
20,550,000
49,950,000
2,400,000 1,650,000
4,050,000
24
Palmerston North Ma¯ori Reserve Trust
ANNUAL REPORT 2020