Page 122 - Neal and Massy Holdings Annual Report 2012

120 2012
NOTES TO THE Consolidated FINANCIAL STATEMENTS
September 30, 2012
Expressed in Thousands of Trinidad and Tobago dollars
12 Financial Assets (continued)
b) Financial assets – Available-for-sale investments
2012 2011
$ $
Beginning of the year 23,025 25,311
Exchange differences - 233
Change in market value/impairment charge (1) (1,607)
Additions - -
Disposals (3) (745)
Net gains transferred from equity to other comprehensive income (3,220) (39)
Transferred to disposal group classified as held for sale (Note 35) - (128)
19,801 23,025
Available-for-sale investments include the following:
Continuing operations:
Bonds and treasury bills 4,713 4,818
Quoted securities 14,589 17,704
Unquoted securities 499 503
19,801 23,025
Available for sale investments are denominated in the following currencies:
Continuing operations:
Trinidad & Tobago dollars 337 352
Barbados dollars 13,803 17,017
United States dollars 5,512 5,507
Other 149 149
19,801 23,025
The maximum exposure to credit risk at the reporting date is the carrying value of the debt securities classified as available-for-sale.