NEW ZEALAND GAZETTE, No. 127

14 AUGUST 2008

Liquidity and Interest Risk Tables – Financial Liabilities

The following tables detail the trust’s remaining contractual maturity for its non derivative financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the trust can be required to pay. The table includes both principal and interest cash flows.

| 2007 | | | | | |
| Non interest bearing payables | | | | | |
| – Trade and other payables | 163 | – | – | – | 163 |
| – Employee entitlements | 12 | – | – | – | 12 |
| – Donations payable | 1,892 | – | – | – | 1,892 |
| | 2,067 | – | – | – | 2,067 |

16. Donations

On 29 September 2007, the Waikato Times published a list totalling $8,725,216 which showed all of the donations approved by the trust from the period 1 April 2007 to 29 September 2007.

A copy of the list can be viewed at www.trustwaikato.co.nz or requested from the Trust Waikato office, telephone 0800 436 628.

During the year, the trust has reviewed how it accounts for donations with significant conditions attached. Where there are significant conditions attached which have not been met at balance date, these commitments have been disclosed as contingent liabilities in note 13. Where the conditions have been met, the donation has been included in the donations payable figure in the balance sheet. The impact of this change has resulted in a change in how some donations approved in previous years have been treated in the 2008 financial statements.

The donation expense in the income statement can be reconciled to the list published in the Waikato Times as follows:

$
Total donations published in the Waikato Times on 29 September 2007 8,725,216

Less Future conditional commitments included in above:

• Alcohol and Drug Community Support Trust (60,000)
• Eastlink – Lugton Park Combined Sports Association (100,000)
• Frankton Dinsdale Rauawaawa Charitable Trust (35,000)
• Glen Murray Community Association Inc (15,000)
• Hamilton Hydrotherapy Pool Charitable Trust (130,000)
• Hora Hora Marae (70,000)
• Huntly Mining & Cultural Museum Society Inc (75,000)
• Matahuru Papakainga Committee (100,000)
• Order of St John – Otorohanga (50,000)
• Otorohanga Domain Sports Association (10,000)
• Pikitu Marae (25,000)
• Poukura Marae (18,000)
• Purekireki Marae Committee (60,000)
• Tauwhare Marae Committee (30,000)
• Te Ihingarangi Marae (50,000)
• Te Ohaaki Marae – Huntly (30,000)
• Vision Waihi Trust (100,000)
• Waikato Community Hospice Trust (100,000)
• Waikato Technology Support and Resource Centre (25,000)
• Waipa District Council (250,000)
  (1,333,000)

Less Past year’s conditional commitments previously classified as payable:

• Cambridge High School (10,000)
• Hamilton Boys’ High School (70,000)
• Hinerangi Tawhaki Marae (15,000)
• Maniapoto Rugby Sub Union Inc (30,000)