✨ Financial Statements
5 AUGUST 2009 NEW ZEALAND GAZETTE, No. 113 2583
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2009
6. DONATIONS PAYABLE
| 2009 | 2008 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Donations | 1,423 | 3,414 |
| 1,423 | 3,414 |
Donations payable are non interest bearing and are normally settled within 12 months. Therefore the carrying value of donations payable approximates their fair value.
7. EMPLOYEE ENTITLEMENTS
| 2009 | 2008 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Holiday Pay | 16 | 17 |
| 16 | 17 |
All employee benefits are payable within 12 months.
8. NON CURRENT LIABILITIES
| 2009 | 2008 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Donations Payable - Future Years | 1,080 | 1,080 |
Donations payable in future years represent donations where there is an irrevocable commitment beyond the immediate 12 month period. The carrying value of donations payable - future years approximates their fair value.
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NZ Gazette 2009, No 113
✨ LLM interpretation of page content
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Notes to Financial Statements of The Waikato Community Trust Incorporated
(continued from previous page)
💰 Finance & RevenueDonations Payable, Employee Entitlements, Non-Current Liabilities, Holiday Pay, Future Commitments