| |
|
U.S. $ 000's |
| Quoted shares |
|
155,902 |
|
166,551 |
| Portfolios investments |
|
43,936 |
|
75,405 |
| Quoted bonds |
|
35,389 |
|
- |
| Unquoted shares * |
|
17,062 |
|
18,328 |
| |
|
252,289 |
|
260,284 |
* Unquoted shares are stated at cost as their fair values can not be reliably measured due to the unpredictable nature of future cash flows. PIF's management believes that the fair values of such investments are not materially different from their carrying amounts.
Movements on cumulative changes in fair value arising from available-for-sale investments are as follows:
| |
|
U.S. $ 000's |
| Balance, beginning of year |
|
64,721 |
|
236,601 |
| Unrealized gains (losses) |
|
21,853 |
|
(209,156) |
| Realized profit reclassified to the consolidated income
statement |
|
(51,117) |
|
(12,598) |
| Impairment of available-for-sale investments reclassified
to the consolidated income statement |
|
8,803 |
|
49,874 |
| Balance, end of year |
|
44,260 |
|
64,721 |
|
