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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

(Amounts in 000’s of US$)		December 31, 2022				December 31, 2021
Level 1
Investment in platinum		$	1,097,107			$	1,138,264

Changes in ounces of platinum and their respective values for the years ended December 31, 2022 and 2021 are set out below:

Changes in ounces of platinum and their respective values for the years ended December 31, 2022 and 2021 are set out below:

		Year Ended December 31, 2022				Year Ended December 31, 2021
(Amounts in 000’s of US$, except for ounces data)
Ounces of platinum
Opening balance			1,186,927.7				1,245,573.6
Creations			167,029.4				121,497.6
Redemptions			(282,927.6	)			(172,588.0	)
Transfers of platinum to pay expenses			(6,910.0	)			(7,555.5	)
Closing balance			1,064,119.5				1,186,927.7
Investment in platinum
Opening balance		$	1,138,264			$	1,330,272
Creations			162,838				137,616
Redemptions			(267,416	)			(184,715	)
Realized (loss) / gain on platinum distributed for the redemption of Shares			(6,458	)			18,560
Transfers of platinum to pay expenses			(6,598	)			(8,310	)
Realized (loss) / gain on platinum transferred to pay expenses			(88	)			1,049
Change in unrealized gain / (loss) on investment in platinum			76,535				(156,178	)
Change in unrealized gain / (loss) on unsettled creations or redemptions			30				(30	)
Closing balance		$	1,097,107			$	1,138,264

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Tabular disclosure of movement in the investment in bullion in the Trust.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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