Financial Statements of Waikato River Clean-Up Trust
for the period ended 30 June 2013
Restoring and protecting the health and wellbeing of the Waikato River
28
The accompanying notes form part of these financial statements.
Statement of Comprehensive Income
for the period ended 30 June 2013
Note
2013
2012
Revenue
Settlement funds
*
-
5,310,313
Other income
5 1,042,667
607,657
Finance income
6 7,516,136
6,619,716
Expenses
Operating
7 (891,621)
(597,340)
Depreciation
13
(7,219)
(4,327)
Amortisation
14
(17,240)
(2,873)
Grant payments
8 (3,579,085)
(713,989)
Surplus/(Deficit) for the period
4,063,638
11,219,157
Other comprehensive income
208,860
-
Total comprehensive income for the period
4,272,498 11,219,157
* Subject to the Waikato-Tainui Raupatu Claims (Waikato River) Settlement Act
2010 the Trust is to receive settlement funds of $210,000,000 over 27 years
(25 years remaining). Additional settlement funds of $10,000,000 will be
received over 27 years (25 years remaining) years under the Nga Wai o Manipoto
(Waipa River) Act 2012. The 2012 revenue of $5,310,313 represents the present
value of $10,000,000 receivable. Refer to note 11 for further details.
