50 TE PŪRONGO 2013
As at 31 December 2013
Statement of
financial position
Group Group Group Parent Parent Parent
Actual
Budget Actual
Actual Budget Actual
Dec 13 Dec 13 Dec 12 Dec 13 Dec 13 Dec 12
Notes $’000 $’000 $’000 $’000 $’000 $’000
Current assets
Cash and cash equivalents
5 3,034 4,748 5,376 1,924 1,148 4,703
Tauira and other receivables
6 3,176 2,380 3,248 3,059 2,130 2,938
Inventories
7 2,580 2,012 2,068 1,225 622 964
Prepayments
897
-
311
866
-
282
Assets held for sale
8 189
-
-
189
-
-
Other financial assets
9 38,699 30,756 39,791 36,000 32,000 36,000
Total current assets
48,575 39,896 50,794 43,263 35,900 44,887
Current liabilities
Creditors and other payables
10 8,676 6,144 10,562 9,759 13,058 16,387
Tauira fees
357
598 376
211 599 317
Kaimahi entitlements
11(a)
6,283 7,620 5,730 5,634 6,702 5,009
Lease make-good
11(b)
118
-
-
40
-
-
Total current liabilities
15,434 14,362 16,668 15,644 20,359 21,713
Working capital surplus / (deficit)
33,141 25,534 34,126 27,619 15,541 23,174
Non-current assets
Investment in Open Wānanga
15
-
-
-
1
1
1
Other financial assets
9 12,106 17,713 13,213 12,106 17,713 13,213
Property, plant and equipment
12 89,999 95,223 85,122 86,768 92,368 82,354
Intangible assets
13 7,624 8,205 6,498 3,928 4,899 3,934
Total non-current assets
109,729 121,141 104,833 102,803 114,981 99,502
Non-current liabilities
Lease make-good
11(b)
77
-
195
77
-
117
Total non-current liabilities
77
-
195
77
-
117
Net assets
142,793 146,675 138,764 130,345 130,522 122,559
Equity
Retained earnings
14 133,269 134,190 129,240 120,943 118,085 113,157
Property revaluation reserve
14 9,524 12,485 9,524 9,402 12,437 9,402
Total equity
142,793 146,675 138,764 130,345 130,522 122,559
Explanations of major variances against budget are provided in note 22.
For and on behalf of Te Mana Whakahaere (the Council):
The accompanying notes form part of these financial statements.
JimMather, Te Taiurungi (CEO)
BBus, MBA, ACA
Date
Richard Batley, Chair
CA, BMS (Waikato)
Date
30/04/2014
30/04/2014
