Te pŪrongo 2012
Statement of
comprehensive income
For the year ended 31 December 2012
The accompanying notes form part of these financial statements.
Financial statements
Group Group Group Parent Parent
Parent
Actual
Budget
Actual
Actual
Budget
Actual
Dec 12 Dec 12 Dec 11 Dec 12 Dec 12 Dec 11
Notes $’000 $’000 $’000 $’000 $’000 $’000
Income
Government funding
2(a) 135,160 135,361 134,877 135,216 135,361 134,877
Tuition fees
2(b)
5,897
8,222
6,286
5,216
6,852
5,866
Interest income
3,254
3,537
3,455
3,053
3,380
3,287
Other income
2(c)
8,028
6,782
6,386 15,018 13,749 14,118
Total income
152,339 153,902 151,004 158,503 159,342 158,148
Expenditure
Personnel costs
3 85,296 86,422 81,529 76,203 77,608 73,870
Depreciation and amortisation expense 11,12 7,660
8,010
7,795
6,647
7,160
7,038
Other expenses
4 51,436 53,447 54,394 66,562 67,706 68,784
Total expenditure
144,392 147,879 143,718 149,412 152,474 149,692
Surplus/(deficit)
7,947
6,023
7,286
9,091
6,868
8,456
Other comprehensive income
Gains/(loss) on property revaluations
16 (2,961)
-
- (3,035)
-
-
Total other comprehensive income
(2,961)
-
- (3,035)
-
-
Total comprehensive income
4,986
6,023
7,286
6,056
6,868
8,456
Explanation of significant variances against budget is detailed in note 21.
74
