Financial Statements of Waikato River Clean-Up Trust
for the period ended 30 June 2012
38
5 Other income
2012
2011
Government grant received by
Waikato River Authority
607,368
-
Lease income
289
607,657
-
The Crown provides $910,000 directly to the Waikato River Authority to cover
reasonable operational costs for the Waikato River Authority and Waikato River Clean
Up Trust. $607,368 of the total funds were applied to operational costs incurred by
Waikato River Clean Up Trust. In the 2011 year it was determined there were no Trust
costs apportioned during the year.
6 Finance income
2012
2011
Interest on term deposits
1,071,292
351,329
Unwind discount on funding receivable
5,548,424
-
6,619,716
351,329
7 Operating expenses
Note
2012
2011
Operational expenses include:
Accounting fees
37,705
-
Auditors remuneration audit fees
10,000
-
Consultants fees
417,311
-
Trustees’ fees
23
37,217
-
Trustees’ and governance expenses
23
5,411
-
Other operating expenses
89,696
-
597,340
-
In 2011 year operating expenses were paid by the Waikato River Authority on behalf
of the Trust.