51 (Expressed in Trinidad and Tobago Dollars) NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS 30th June 2017 7 Investment in subsidiary companies (continued) The cost of investment in subsidiaries is as follows: NIPDEC TTMF HMB Total 2017 $’000 $’000 $’000 $’000 Balance as at 30 June 2016 25,000 7,200 488,604 520,804 Purchases – – 7,800 7,800 Balance as at 30 June 2017 25,000 7,200 496,404 528,604 NIPDEC TTMF HMB Total 2016 $’000 $’000 $’000 $’000 Balance as at 30 June 2015 25,000 7,200 488,604 520,804 Purchases – – – – Balance as at 30 June 2016 25,000 7,200 488,604 520,804 Shares were purchased in March 14, 2017 in HMB to the value of $7.8 million dollars. 8 Financial assets at fair value through profit or loss 2017 2016 $’000 $’000 Investments comprise: Bonds (8 a.) 8,367,763 8,314,314 Equities (8 b.) 10,893,280 9,584,173 Mutual funds (8 c.) 925,514 1,030,449 20,186,557 18,928,936 The analysis below shows the composition of the various investment categories. a. Bonds Foreign 285,129 69,953 Government 5,550,586 5,959,144 Corporate 2,532,048 2,285,217 8,367,763 8,314,314 Local and corporate bonds earn interest at rates varying between 0.21% and 12.25% (2016: 0.89% and 12.25%). b. Equities Quoted Foreign 3,879,097 2,582,420 Local 6,578,582 6,572,566 Unquoted 435,601 429,187 10,893,280 9,584,173