Notes to the Financial Statements
continued
64
17 Intangible assets
CONSOLIDATED
Computer
NZ Units
software
Quota
ETS
Total
$’000
$’000
$’000
$’000
Year ended 31 March 2012
Opening balance
227
20,340
105
20,672
Additions
36
-
-
36
Amortisation and impairment charge
(146)
-
(74)
(220)
Closing balance
117
20,340
31
20,488
At 31 March 2012
Cost
448
20,340
105
20,893
Accumulated amortisation and impairment
(331)
-
(74)
(405)
Net book value
117
20,340
31
20,488
Year Ended 31 March 2013
Opening balance
117
20,340
31
20,488
Additions
111
-
-
111
Disposals
(31)
-
-
(31)
Amortisation and impairment
(110)
-
(23)
(133)
Closing balance
87
20,340
8
20,435
At 31 March 2013
Cost
455
20,340
105
20,900
Accumulated amortisation and impairment
(368)
-
(97)
(465)
Net book value
87
20,340
8
20,435
Waikato‑Tainui Te Kauhanganui Incorporated. The Company also declared a dividend of $11.1m on 18 June 2013
(see note 29).
Tainui Corporation Limited, Tainui Development Limited and Raukura Moana Seafoods Limited declared
dividends of $161.2m, $46.9m and $8.9m respectively, for the year ended 31 March 2013 (2012: nil) to the
Company (see note 4).
The advance account movement between the Company and its subsidiaries represents cash received and
payments made by the Company on behalf of its subsidiaries as well as dividends payable by the subsidiaries.
There are operating leases in place between the Shareholder and the Company for land owned by the
Shareholder where the Group has developed and leased properties at The Base and the University of Waikato
respectively. The interest held under the operating lease has been accounted for as an investment property and
financial liability (see also notes 19 and 22 respectively).
During the financial year, Tainui Development Limited sold 42 hectares of land at Rotokauri to the joint venture
partnership, Rotokauri Development Limited for residential sub‑division. As at 31 March 2013, $1.2m is
outstanding and has since been paid (see note 11).
16 Other financial assets
2013
2012
2013
2012
$’000
$’000
$’000
$’000
At fair value through profit or loss:
Listed companies
2,426
-
2,426
-
Unlisted companies
7,579
5,385
7,578
5,294
10,005
5,385
10,004
5,294
Parent
Consolidated
Note 15 continued
