XML 24 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Significant Accounting Policies (Schedule Of Investment In Platinum) (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
oz
Dec. 31, 2013
oz
Dec. 31, 2012
oz
Significant Accounting Policies [Abstract]      
Opening balance (in Ounces) 537,256.0us-gaap_InvestmentOwnedBalanceOtherMeasure 501,188.2us-gaap_InvestmentOwnedBalanceOtherMeasure 439,947.3us-gaap_InvestmentOwnedBalanceOtherMeasure
Creations (in Ounces) 34,084.7pplt_CreationsOuncesOfBullion 142,164.2pplt_CreationsOuncesOfBullion 172,500.1pplt_CreationsOuncesOfBullion
Redemptions (in Ounces) (53,552.5)pplt_RedemptionsOuncesOfBullion (102,760.5)pplt_RedemptionsOuncesOfBullion (108,337.3)pplt_RedemptionsOuncesOfBullion
Transfers of platinum to pay expenses (in Ounces) (3,174.0)pplt_TransfersOfBullionOunces (3,335.9)pplt_TransfersOfBullionOunces (2,921.9)pplt_TransfersOfBullionOunces
Closing balance (in Ounces) 514,614.2us-gaap_InvestmentOwnedBalanceOtherMeasure 537,256.0us-gaap_InvestmentOwnedBalanceOtherMeasure 501,188.2us-gaap_InvestmentOwnedBalanceOtherMeasure
Opening balance $ 729,594us-gaap_InvestmentInPhysicalCommodities [1],[2] $ 716,880us-gaap_InvestmentInPhysicalCommodities $ 607,567us-gaap_InvestmentInPhysicalCommodities
Creations 47,428pplt_CreationsValueOfBullion 218,288pplt_CreationsValueOfBullion [3] 267,303pplt_CreationsValueOfBullion [3]
Redemptions (71,275)pplt_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable (149,539)pplt_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable (174,638)pplt_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable
Realized (loss) / gain on platinum distributed for the redemption of Shares (1,507)pplt_RealizedGainLossOnBullionDistributedForRedemptionOfShares [4] 225pplt_RealizedGainLossOnBullionDistributedForRedemptionOfShares [5] 20,777pplt_RealizedGainLossOnBullionDistributedForRedemptionOfShares [5]
Transfers of platinum to pay expenses (4,429)pplt_CostOfBullionTransferredToPayExpenses (4,989)pplt_CostOfBullionTransferredToPayExpenses (4,504)pplt_CostOfBullionTransferredToPayExpenses
Realized gain on platinum transferred to pay expenses 113us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [4] 151us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [5] 375us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [5]
Unrealized loss on investment in platinum (77,241)pplt_ChangeInUnrealizedGainLossOnInvestmentInBullion [4] 0pplt_ChangeInUnrealizedGainLossOnInvestmentInBullion [5] 0pplt_ChangeInUnrealizedGainLossOnInvestmentInBullion [5]
Realized loss on investment in platinum 0pplt_RealizedGainLossOnBullion [4] (51,422)pplt_RealizedGainLossOnBullion [5] 0pplt_RealizedGainLossOnBullion [5]
Closing balance $ 622,683us-gaap_InvestmentInPhysicalCommodities [1],[4] $ 729,594us-gaap_InvestmentInPhysicalCommodities [1],[2] $ 716,880us-gaap_InvestmentInPhysicalCommodities
[1] At December 31, 2014, the investment in platinum is valued at fair value. At December 31, 2013 the investment in platinum was valued at the lower of cost or market value. Refer to note 2.1 for a breakdown of cost and fair value of the investment in platinum.
[2] Derived from audited Statement of Financial Condition as of December 31, 2013. The amounts are those previously reported under non-investment company accounting. Refer to Note 2.1 for additional information.
[3] In accordance with Topic 946, Investment Companies, the Trust meets the exemption criteria to exclude a statement of cash flows. Thus one has not been presented for the year ended December 31, 2014. Refer to Note 2.1 for additional information.
[4] Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[5] Amounts are those previously reported under non-investment company accounting.  Refer to Note 2.1 for additional information.