4450 NEW ZEALAND GAZETTE, No. 169 6 NOVEMBER 2008

International Financial Reporting Standard 7 Financial Instruments: Disclosures (Amendments to NZ IAS 39 and NZ IFRS 7), submitted to it by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants.

The amendments to NZ IAS 39 and NZ IFRS 7 are:

• to apply to all reporting entities and groups, the Crown and all departments, Offices of Parliament and Crown entities, and all local authorities (each of which is defined in the Act) other than where expressly exempted by its terms, the terms of any other approved financial reporting standard or by law;
• to apply from 1 July 2008; and
• Regulations for the purposes of the Regulations (Disallowance) Act 1989.

Copies of the Amendments to NZ IAS 39 and NZ IFRS 7 may be inspected free of charge at the offices of the New Zealand Institute of Chartered Accountants, 40 Mercer Street (PO Box 11342), Wellington, and 27–33 Ohinerau Street (PO Box 3334), Auckland.

Copies will also be made available on the institute’s website at www.nzica.com.

Dated this 29th day of October 2008

WARWICK HUNT, Chairman, Accounting Standards Review Board.

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Ardmore Airport Limited

Airport Authorities Act 1966

Notice to All Aircraft Operators and Users of Ardmore Airport—Facility Fees Increase

Notice is hereby given, pursuant to the Airport Authorities Act 1966 (“the Act”), to advise all aircraft operators and users of Ardmore Airport that the second increment of the five-yearly annual increase for facility fees, night flying fees and parking fees is to take effect from 1 December 2008, with a 3% per annum increase.

Additionally, Ardmore Airport Limited notifies that future increases in facility fees, night flying fees and parking fees for the next 3 years, as publicly advised on 12 November 2007, are as follows:

• A 3% per annum increase for each successive 12-month period commencing on 1 December 2009 and ending on 30 November 2012.

Charges effective 1 December 2008 are as follows:

FIXED WING Facility Fee = $10.31 + (MCTOW x 0.006493)

HELICOPTERS Facility Fee = $12.69 (flat rate all types)

NIGHT FLYING In addition to the above fees, “night flying” fees are applicable to both fixed wing and helicopter aircraft as follows:

1. $4.65 per chargeable night landing;
2. $0.63 per night “touch and go” (fixed wing aircraft only).

Note: For administration purposes, a “night” movement is deemed to be any movement conducted between 2100 and 0600 hours local time during daylight saving and 2000 and 0600 hours standard time.

APPLICATION The facility fee covers the use of runways, taxiways and apron areas with the exception that the flat rate for helicopters applies to all helicopters that access, for the purposes of facilitating a landing, any area of land designated as “airport land” by Ardmore Airport Limited (whether it be operational, non-operational or leased land and includes the airspace associated with that designation).

PARKING This covers aircraft parked on aprons, airport operational area, non-leased sites:

(a) Parking up to 2 hours – no charge.
(b) Parking in excess of 2 hours – $11.33 for every 24-hour period or part period from time of landing. Parking usage will be determined by Ardmore Airport Limited.

GENERAL

(a) MCTOW means maximum certified take-off weight in kilograms.
(b) All charges are subject to goods and services tax.
(c) All charges are payable by the 20th of the month following landing unless subject to a prior written arrangement with Ardmore Airport Limited.
(d) A late payment penalty may be imposed on any charges which remain outstanding at the end of the month in which payment is due. Such penalty shall be 15% per annum on the amount outstanding calculated on a daily basis from the date on which payment was due until the date of actual payment, but with a minimum of $10.00.
(e) The charges are set in accordance with section 4(2) of the Act and may be varied from time to time.