Page 39 University of Technology, Jamaica Notes to the Financial Statements 31 March 2020 (expressed in Jamaican dollars unless otherwise indicated) 14. Long- term Investments Long-term investments comprise the following: 2020 2019 $’000 $’000 At fair value through profit or loss: Financial institutions - Equities 22,087 21,768 Units in unit trusts 246 116 22,333 21,884 At amortised cost: Government of Jamaica - US$ denominated bonds 245,874 325,542 Add interest receivable 1,259 5,413 269,466 352,839 The fair value of the Government of Jamaica bonds was $267,923,000 (2019 - $343,700,000). These are classified as level 2 investments. The effective weighted average interest rate on investments is 7.86% (2019 – 7.32%). 15. Inventories 2020 $’000 2019 $’000 Stores 58,493 41,392 Restaurant 1,807 1,549 Printery 1,607 1,618 61,907 44,559 Provision for obsolescence - (270) 61,907 44,289 University of Technology, Jamaica 155
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