Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A27
23) IMPAIRMENT OF INVESTMENT
SECURITIES
The Group recognised impairment charges in the amount of
$314 million during 2012. Impairment charges recognised by the
Corporation and its subsidiaries totaled $0.2 million.
2012
$’000
2011
$’000
Corporation and Subsidiaries
Impairment
160
-
Carrying value of impaired investments
Nil
Nil
Fair value of collateral held for impaired
investments
Nil
Nil
Impairment charges recognised by the Investment Funds during
2012 totalled $314 million. The impairment charges recognised
in 2012 represent principally un-realised losses on available-for-
sale financial assets which were transferred to the Consolidated
Statement of Income. The losses were previously recognised
in equity as un-realised losses but were re-classified to the
Consolidated Statement of Income on the assets being adjudged
impaired by management.
Investment Funds
2012
$’000
2011
$’000
Impairment
314,162
-
Carrying value of impaired
investments
61,120
Nil
Fair value of collateral held for
impaired investments
Nil
Nil
Unit Trust Corporation
Annual Report 2012
