Te pŪrongo 2012
Statement of
financial position
As at 31 December 2012
24/04/13
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
Current assets
Cash and cash equivalents
5 5,376 13,577 10,223
4,703 12,033
9,191
Debtors and other receivables
6 3,248
2,028
2,672
2,938
2,028
2,476
Inventories
8 2,068
2,478
2,096
964
1,625
1,105
Prepayments
311
-
311
282
-
241
Other financial assets
7 39,791 24,123 36,123
36,000 22,500
32,500
Total current assets
50,794
42,206
51,425
44,887
38,186
45,513
Current liabilities
Creditors and other payables
9 10,562
5,757 10,932
16,387 11,896
18,230
Tauira fees
376
500
429
317
500
429
Employee entitlements
10(a)
5,730
6,271
6,220
5,009
5,532
5,553
Total current liabilities
16,668 12,528 17,581
21,713 17,928
24,212
Working capital surplus/(deficit)
34,126
29,678
33,844
23,174
20,258
21,301
Non-current assets
Investment in Open Wānanga
13
-
-
-
1
1
1
Other financial assets
7 13,213 13,344 13,344
13,213 13,344
13,344
Property, plant and equipment
11 85,122 88,312 80,654
82,354 85,821
78,333
Intangible assets
12 6,498
7,870
5,936
3,934
4,610
3,524
Total non-current assets
104,833 109,526
99,934
99,502 103,776
95,202
Non-current liabilities
Provisions
10 (b)
195
-
-
117
-
-
Total non-current liabilities
195
-
-
117
-
-
Net Assets
138,764 139,204 133,778 122,559 124,034 116,503
Equity
Retained earnings
16 129,240 126,719 121,293 113,157 111,597 104,066
Property revaluation reserve
16 9,524 12,485
12,485 9,402 12,437
12,437
Total equity
138,764 139,204 133,778 122,559 124,034 116,503
Explanations of major variances against budget are provided in note 21.
For and on behalf of Te Mana Whakahaere (the Council):
Richard Batley, Chair
Date
CA, BMS (Waikato)
Bentham Ohia, Te Pouhere (CEO)
Date
Exec MBA, Dip T, BA
The accompanying notes form part of these financial statements.
24/04/13
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