73 TE PŪRONGO 2013
Group
Group Parent
Parent
2013
2012
2013 2012
$’000
$’000
$’000 $’000
Retained earnings
Balance at 1 January
129,240 121,293 113,157 104,066
Surplus/(deficit)
4,029
7,947
7,786 9,091
Balance at 31 December
133,269 129,240 120,943 113,157
Property revaluation reserves
Balance at 1 January
9,524 12,485
9,402 12,437
Gains/(loss) on property revaluations
-
(2,961)
-
(3,035)
Balance at 31 December
9,524
9,524
9,402 9,402
Total equity
142,793 138,764 130,345 122,559
Group
Group Parent
Parent
2013
2012
2013
2012
$’000
$’000
$’000 $’000
Land and buildings
9,524
9,524
9,402
9,402
15. Investment in Open Wānanga Limited
Open Wānanga Limited is a fully owned subsidiary of Te Wānanga o Aotearoa and is in the business of education. The
balance date of the company is 31 December. The results of Open Wānanga Limited are consolidated into the group financial
statements.
14. Equity
Property revaluation reserves
