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Balance Sheets (USD $)
In Thousands, except Share data, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets    
Investment in gold bullion $ 6,214,710us-gaap_InvestmentOwnedAtFairValue [1],[2] $ 6,272,422us-gaap_InvestmentOwnedAtFairValue
Gold bullion inventory   6,329,194us-gaap_OtherInventory [3]
Payable for capital Shares redeemed   (56,772)iau_PayableForCapitalSharesRedeemed
TOTAL ASSETS 6,214,710us-gaap_Assets 6,272,422us-gaap_Assets
Current liabilities    
Sponsor’s fees payable 1,323us-gaap_AccruedLiabilitiesCurrent 1,393us-gaap_AccruedLiabilitiesCurrent
Total liabilities 1,323us-gaap_Liabilities 1,393us-gaap_Liabilities
Commitments and contingent liabilities (Note 6)      
Redeemable capital Shares (at redemption value)   6,271,029us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
Shareholders’ equity (deficit) 6,213,387us-gaap_StockholdersEquity [4] 0us-gaap_StockholdersEquity
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT) $ 6,214,710us-gaap_LiabilitiesAndStockholdersEquity $ 6,272,422us-gaap_LiabilitiesAndStockholdersEquity
Shares issued and outstanding(d) (in Shares) 535,400,000us-gaap_TemporaryEquitySharesOutstanding [5] 538,000,000us-gaap_TemporaryEquitySharesOutstanding [5]
Net asset value per Share(e) (in Dollars per share) $ 11.61us-gaap_TemporaryEquityRedemptionPricePerShare [6] $ 11.66us-gaap_TemporaryEquityRedemptionPricePerShare
[1] Presented at fair value at December 31, 2014 (cost: $6,254,868).
[2] Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Disclosure of a schedule of investments is required for investment companies. Please refer to Note 2B.
[3] Presented at the lower of cost or market value at December 31, 2013 (fair value: $6,272,422). Please refer to Note 2C for accounting policy.
[4] Represents net asset value. Please refer to Note 2D.
[5] No par value, unlimited amount authorized.
[6] Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Disclosure of net asset value per Share is required for investment companies. Please refer to Note 2B.