Waikato River Authority
Annual Report
2012
www.
waikatoriver
.org.nz
41
Bonds
Bonds are recognised at fair value. The fair value of the bonds are determined by
reference to published current bid price quotations in an active market.
Speciality and cash funds
Speciality and cash funds are recognised at fair value. The fair value of the speciality
and cash funds are determined by reference to published current bid price
quotations in an active market.
Fair value hierarchy disclosures
For those instruments recognised at fair value in the statement of financial position,
fair values are determined according to quoted market price (level 1) – Financial
instruments with quoted prices for identical instruments in active markets.
Impairment
There were no impairment expenses or provisions for other financial assets. At
balance date, none of these financial assets are either past due or impaired.
13 Property, plant and equipment
Office equipment
Total
Cost or valuation
Balance at 1 July 2012
16,321
16,321
Additions
5,867
5,867
Disposals
-
-
Balance at 30 June 2013
22,188
22,188
Accumulation depreciation and impairment losses
Balance at 1 July 2012
4,327
4,327
Depreciation expense
7,219
7,219
Elimination of disposal
-
-
Balance at 30 June 2013
11,546
11,546
Carrying amounts
At 30 June and 1 July 2012
11,994
11,994
At 30 June 2013
10,642
10,642
Impairment
There have been no impairment losses recognised or reversed for property, plant and
equipment (2012: Nil).
Work in progress
The total amount of property, plant and equipment in the course of construction is
Nil (2012: Nil)
Restrictions
There are no restrictions over the title of property, plant and equipment. No property,
plant and equipment are pledged as security for liabilities.
