45 / 56
Waikato River Authority
Annual Report
2014
www.
waikatoriver
.org.nz
43
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
Impairment
There have been no impairment losses recognised or reversed for property, plant and
equipment (2013: Nil).
Work in progress
The total amount of property, plant and equipment in the course of construction is
Nil (2013: 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.
Furniture
Office
Buildings
Land & Fittings
equipment
Total
Cost or valuation
Balance at 1 July 2013
-
-
-
22,188
22,188
Additions
542,497
314,077 32,781
35,478
924,833
Disposals
-
-
-
-
Balance at 30 June 2014
542,497
314,077 32,781
57,666
947,021
Accumulation depreciation
and impairment losses
Balance at 1 July 2013
-
-
-
11,546
11,546
Depreciation expense
9,928
-
1,661
12,460
24,049
Elimination of disposal
-
-
-
Balance at 30 June 2014
9,928
-
1,661
24,006
35,595
Carrying amounts
At 30 June 2013 and
1 July 2013
-
-
-
10,642
10,642
At 30 June 2014
532,569 314,077 31,120
33,660
911,426