Financial Statements of Waikato River Authority
for the period ended 30 June 2013
6 Operating expenses
Note
2013
2012
Operational expenses include:
Accounting fees
42,792
96,819
Auditors remuneration audit fees
11,788
13,750
Consultants fees
117,307
123,799
Trustees’ fees
18
9,760
17,148
Trustees’ and governance expenses
18
2,148
1,842
Operating leases
15
3,896
3,663
Other operating expenses
159,591
143,586
347,282
400,607
7 Personnel Costs
2013
2012
Staffing wages
10,285
15,039
10,285
15,039
8 Cash and cash equivalents
2013
2012
Bank balances
49,027
28,750
Term deposit
406,899
-
Cash and cash equivalents in the
statement of cash flows
455,926
28,750
The carrying value of cash at bank and short-term deposits with maturities less than
three months approximates their fair value.
9 Trade and other receivables
2013
2012
Prepayments
1,215
-
Interest accrual
1,279
12,384
Other trade receivables
168
-
2,662
12,384
Fair value
Trade and other receivables are non-interest bearing and receipt is normally on 30-
day terms. Therefore, the carrying value of Trade and other receivables approximates
their fair value.
10 Other financial assets
Note
2013
2012
Current investments
Term deposits with maturities of 4-12 months 13
-
764,883
-
764,883
Fair value
The carrying amount of term deposits approximates their fair value.
Restoring and protecting the health and wellbeing of the Waikato River
20
