83 TE PŪRONGO 2013
The University of Auckland:
Manuka Henare is a Te Mana Whakahaere member of Te Wānanga o Aotearoa and is also a Kaimahi of the University of
Auckland. The University of Auckland has made a contribution towards the Maori into Tertiary Education (MITE) project. The
value of sales were $20,000 and the value of purchases were $1,775 (2012 - Sales $45,000).
Manukau Institute of Technology:
Manuka Henare is a Te Mana Whakahaere member of Te Wānanga o Aotearoa and is a council member of Manukau Institute
of Technology. Te Wānanga o Aotearoa rents rooms from Manukau Institute of Technology to deliver Te Ara Reo Māori
programmes. Manukau Institute of Technology has made a contribution towards the Maori into Tertiary Education (MITE)
project. The value of purchases were $9,020. (2012 - Sales $1,000 and Purchases $1,000 and Trade Receivables $52,000).
Te Waka Pupuri Putea Limited:
June McCabe was a Te Mana Whakahaere member of Te Wānanga o Aotearoa and is also a director of Te Waka Pupuri Putea
Limited. June McCabe resigned as a Te Mana Whakahaere member in July 2013.
Te Wānanga o Aotearoa rented office space for 12 months in 2013 from Te Waka Pupuri Putea Limited. The value of
purchases were $24,380. (2012 - Purchases $16,000 and Trade Payables $2,000).
GTL Investments Limited:
GTL Investments Limited is a fully owned subsidiary of Aotearoa Institute. William Wetere is the brother of Kingi Wetere.
Rongo Wetere is the father of Kingi Wetere, both William and Rongo are trustees of Aotearoa Institute. Open Wānanga
Limited purchases student learning resources from GTL Investments Limited. The value of purchases were $89,000. (2012 -
Purchases $598,000).
Tai Wānanga:
Mana Forbes is a Te Mana Whakahaere member of Te Wānanga o Aotearoa and is also the chair of the Board of Trustees of
Tai Wānanga. Te Wānanga o Aotearoa provided administration services in 2012 for Tai Wānanga. The administration services
ended in February 2013. The value of sales were $6,004. (2012 - Sales $57,000 and Trade Receivables $1,000).
Clendon Park Primary School:
Tony Iwikau is a Te Mana Whakahaere member of Te Wānanga o Aotearoa and is also a board member of Clendon Park
Primary School. Te Wānanga o Aotearoa paid for accommodation to facilitate our noho marae to Clendon Park Primary
School. The value of purchases were $1,435. (2012 - nil).
Significant transactions with government-related entities
The government influences the roles of Te Wānanga o Aotearoa as well as being a major source of revenue.
Te Wānanga o Aotearoa has received funding and grants from the Tertiary Education Commission totalling $133.943m (2012
- $135.109m) to provide education and research services for the year ended 31 December 2013.
Collectively, but not individually, significant transactions with government-related entities
In conducting its activities, Te Wānanga o Aotearoa is required to pay various taxes and levies (such as GST, PAYE and ACC
levies) to the Crown and entities related to the Crown. The payment of these taxes and levies is based on the standard terms
and conditions that apply to all tax and levy payers. Te Wānanga o Aotearoa is exempt from paying income tax, resident
withholding tax and FBT. Te Wānanga o Aotearoa purchases goods and services from entities related to the Crown and it also
provides services to entities related to the Crown.
The purchase and provision of goods and services to government-related entities for the year ended 31 December 2013 are
small when compared to the total expenditure and revenue of Te Wānanga o Aotearoa and have all been conducted on an
arms length basis. The purchase of goods and services included the purchase of electricity from Genesis and Meridian, air
travel from Air New Zealand and postal services from New Zealand Post. The provision of services to government-related
entities mainly related to the provision of educational courses. The sale and/or purchase of goods and services with third
party entities include The University of Auckland, Manukau Institute of Technology and Southern Institute of Technology.
These are of an arm’s length transaction.
Terms and conditions of transactions with related parties
Provision of services to and purchases from related parties are made in arm’s length transactions at both normal market
prices and normal commercial terms.
Outstanding balances at 31 December 2013 and 2012 are unsecured and settlement occurs in cash. There have been no
guarantees provided or received for any related party receivables.
For the year ended 31 December 2013, the group has not raised any provision for impairment of receivables relating to
amounts owed by related parties as the payment history has been excellent, (2012 - NIL).
This assessment is undertaken each financial year following an examination of the financial position of the related party and
the market in which the related party operates in. When assessed as required the group raises such a provision.
