Financial Statements of Waikato River Authority
for the period ended 30 June 2012
17 Reconciliation of the profit for the period with the net cash from operating activities
Note
2011
2011
Profit/(Loss) for the period
(77,843)
856,016
Adjustments for:
Change in trade and other receivables
7,137
(19,521)
Change in trade and other payables
(98,783)
126,627
(91,646)
107,106
Net cash from operating activities
(169,489)
963,122
18 Related parties
Transactions with key management personnel including Trustees
Key management personnel compensation comprised:
2012
2011
Trustee fees
- H Biddle
Iwi appointee
912
-
- P Buckley
Crown appointee
1,824
-
- J Kaati
Iwi appointee
1,824
6,840
- A Livingston
Crown appointee
-
-
- Hon. J Luxton
Crown appointee
1,460
11,315
- T Morgan
Iwi appointee
2,920
9,855
- S O’Sullivan
Iwi appointee
2,052
6,840
- R Pikia
Iwi appointee
1,140
4,104
- D Stebbing
Iwi appointee
-
5,016
- S Strang
Crown appointee
2,052
6,840
- J Vernon
Crown appointee
2,964
6,840
6
17,148
57,650
Trustee professional services
- S O’Sullivan
-
1,368
- J Vernon
-
1,368
-
2,736
Trustee expenses
- H Biddle
297
-
- J Kaati
243
572
- T Morgan
204
522
- S O’Sullivan
379
921
- R Pikia
323
197
- D Stebbing
-
450
- S Strang
258
519
- J Vernon
138
410
6
1,842
3,591
Total paid to trustees
18,990
63,977
Consultants
62,015
140,296
81,005
204,273
24