Notes to the Financial Statements (continued)  CONSOLIDATED PARENT 2003  2002  2003  2002  $000  $000  $000  $000  13. Other Financial Assets (Non-Current)  Securities not quoted on prescribed Stock  Exchanges – at cost (in wholly owned  controlled entities see Note 40)  -  -  46,825  46,826  Units in unit trusts not quoted on prescribed Stock Exchanges – at cost (a)  9,279  12,351  8,789  8,781  Securities quoted on prescribed Stock  Exchanges - (in unrelated entities) (b)  6,934  6,478  -  -  Other unquoted investments – at cost  -  33  -  -  Total other financial assets (non-current)  16,213  18,862  55,614  55,607  Certain consumer finance receivables are sold, in  accordance with an agreement, to a special purpose  trust, “The Financial Assets Specialised Trust No. 1”  (FAST). The consolidated entity may, but is not  obliged to, sell receivables to FAST and FAST may,  but is not obliged to, purchase some or all of  consumer finance receivables. The receivables that  have been sold to FAST, and which at balance date  remain outstanding, total $34.27 million (2002: $51.74  million). The consolidated entity also holds monies on  behalf of FAST relating to these receivables of $2.59  million (2002: $2.62 million) at balance date.  In these financial statements, the consolidated entity’s  interest in FAST is 24.46% (2002: 24.54%) of all  issued equity units in FAST. These units are of  variable amounts and are included in the consolidated  financial statements in other financial assets of $9.08  million (2002: $12.15 million). Consumer finance  receivables that have not been sold pursuant to this  agreement are included in consumer finance loans.  The consolidated entity, prior to selling the receivables, establishes a provision for doubtful debts,  adequate to cover any bad or doubtful debts that may  be sold back to the consolidated entity.  The consolidated entity is exposed to interest rate risk  through its investment in FAST. Under the Receivables Facility Agreement between the consolidated entity and the Manager and Trustee of  FAST, the consolidated entity bears the cost of all  interest paid in relation to commercial paper issued by  FAST. Interest paid by FAST on commercial paper  proceeds for the year ended 30 June 2003 was $2.18  million (2002: $2.06 million). The weighted average  interest rate applicable to commercial paper issued by  FAST for the year ended 30 June 2003 was 4.93%  (2002: 4.71%).  The consolidated entity holds listed securities in Gazal  Corporation Limited (Gazal). The principal activities of  Gazal include the design, manufacture, importation,  wholesale and retail of well known branded apparel  and accessories.  The carrying amount and fair value of this investment  at 30 June 2003 is $2,350,000.  The consolidated entity holds listed securities in  Briscoe Group Limited, a company listed on the New  Zealand Stock Exchange. Briscoe Group Limited  operates the “Briscoes Homeware” and “Rebel Sports”  retail chains in New Zealand.  The consolidated entity holds a 2.5% ownership  interest in Briscoe Group Limited. The carrying  amount of this investment at cost at 30 June 2003 is  $4,583,552. The market value at 30 June 2003 is  $9,440,093.  Briscoe Group Limited  Gazal Corporation Limited  (a)  Units in Unit Trusts  (b) Securities Quoted on Prescribed  Stock Exchanges in Unrelated Entities  40  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003 