✨ Financial Statements Notes
2584 NEW ZEALAND GAZETTE, No. 113 5 AUGUST 2009
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2009
9. CASH & CASH EQUIVALENTS
Cash at bank and on hand
| 2009 | 2008 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Cash at bank | 185 | 313 |
| On hand | 185 | 313 |
The carrying value of cash at bank and on hand approximates their fair value.
10. TRADE & OTHER RECEIVABLES
Accounts Receivable
| 2009 | 2008 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| GST | 17 | 37 |
Receivables do not contain impaired assets and are not past due. Based on the credit history it is expected that these assets will be received when due. The average credit period on GST is 30 days, no interest is charged on these outstanding balances. The Trust does not hold any collateral over these balances. The average age of these receivables is 30 days (2008: 60 days).
The carrying value of trade receivables approximates their fair values.
11. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
| 2009 | 2008 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Enhanced Passive Global Equities | 37,295 | 66,775 |
| NZ Fixed Interest and Cash | 81,061 | 85,004 |
| NZ Equities and Cash | 13,168 | 17,540 |
| Global Fixed Interest | 70,378 | 71,219 |
| 201,902 | 240,538 |
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NZ Gazette 2009, No 113
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Notes to Financial Statements of The Waikato Community Trust Incorporated
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💰 Finance & RevenueCash Equivalents, Trade Receivables, Financial Assets, Fair Value, GST