63 TE PŪRONGO 2013
Group
Group Parent
Parent
2013
2012
2013
2012
$’000
$’000
$’000 $’000
Assets held for sale
Buildings
189
-
189
-
Total assets held for sale
189
-
189
-
Group
Group Parent
Parent
2013
2012
2013
2012
$’000
$’000
$’000 $’000
Inventories held for distribution
2,580
2,068
1,225
964
The carrying amount of inventories for distribution are measured at cost as at 31 December 2013 and therefore, the carrying
amount at current replacement cost is NIL (2012 - NIL).
Inventories are made up of consumables and inventories held for distribution to rohe. Consumables are materials or supplies
which will be consumed in conjunction with the delivery of services and predominantly comprise books and resources used
in the teaching of courses to tauira.
The write down of inventories held for distribution due to tauira resources being revised and redeveloped amounted to
$61,442 in 2013 (2012 - $86,269). There have been no reversals of write-downs (2012 - NIL).
No inventories are pledged as security for liabilities.
7. Inventory
8. Assets for sale
Te Wānanga o Aotearoa owns two buildings on Calthorp Close, Mangere.
These buildings were built by tauira as part of Te Wānanga o Aotearoa carpentry programme. These buildings have been
presented as held for sale following the approval by Te Wānanga o Aotearoa to sell the buildings. The completion date of the
sale is expected to be in March 2014.
