✨ Financial Statements Notes
4 AUGUST 2009 NEW ZEALAND GAZETTE, No. 112 2563
Notes to the financial statements
(In New Zealand Dollars ($000’s))
19 Operating leases
Leases as lessee
Non-cancellable operating lease rentals are payable as follows:
| Group 2009 | Group 2008 | |
|---|---|---|
| Less than one year | 1 | 6 |
| Between one and five years | - | 0 |
| More than five years | - | - |
| Total | 1 | 6 |
Leases as lessor
The Group leases out its investment property held under operating leases (see note 11). The future minimum lease payments under non-cancellable leases are as follows:
| Group 2009 | Group 2008 | |
|---|---|---|
| Less than one year | 1,819 | 1,632 |
| Between one and five years | 4,903 | 2,751 |
| More than five years | 1,631 | 1,567 |
| Total | 8,353 | 5,950 |
(In New Zealand Dollars ($000’s))
20 Reconciliation of the profit for the period with the net cash from operating activities
| Note | Group 2009 | Group 2008 |
|---|---|---|
| Profit/(loss) for the year | -26,533 | -4,287 |
| Adjustments for: | ||
| Depreciation | 99 | 77 |
| Change in fair value of investment property | 11 | 1,814 |
| Managed funds income (gains)/losses | 50,821 | |
| Change in trade and other receivables | 587 | 216 |
| Change in trade and other payables | 6 | -66 |
| Net cash from operating activities | 26,774 | 32,588 |
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NZ Gazette 2009, No 112
✨ LLM interpretation of page content
🏢
Notes to the financial statements of The Canterbury Community Trust
(continued from previous page)
🏢 State Enterprises & Insurance6 July 2009
Trust Funds, Financial Instruments, Interest Rate Risk, Foreign Currency Risk, Interest Rate Swaps, Investment Management, Operating Leases, Reconciliation of Profit, Cash Flow