✨ Financial Statements Notes
2586 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
| 2009 NZ$'000 | 2008 NZ$'000 | |
|---|---|---|
| Buildings | ||
| Cost | ||
| Balance at 1 April | 1,025 | 973 |
| Add additions | 170 | 52 |
| Less disposals | - | - |
| Balance at 31 March | 1,195 | 1,025 |
| Accumulated Depreciation | ||
| Balance at 1 April | 306 | 272 |
| Depreciation Expense | 36 | 34 |
| Balance at 31 March | 342 | 306 |
| Net Book Value 31 March | 853 | 719 |
| Land | ||
| Cost | ||
| Balance 1 April | 844 | 841 |
| Add additions | - | 3 |
| Less disposals | - | - |
| Balance at 31 March | 844 | 844 |
| Total Property Plant & Equipment | ||
| Cost | ||
| Balance at 1 April | 3,070 | 2,859 |
| Add additions | 378 | 211 |
| Less disposals | (92) | - |
| Balance at 31 March | 3,356 | 3,070 |
| Accumulated Depreciation | ||
| Balance at 1 April | 575 | 494 |
| Less disposals | (75) | - |
| Depreciation Expense | 96 | 81 |
| Balance at 31 March | 596 | 575 |
| Net Book Value at 31 March | 2,760 | 2,495 |
(i) There are no items of property, plant, and equipment which are not in current use.
(ii) There have been no impairment losses recognised or reversed in the current period.
(iii) There are no restrictions in title relating to property, plant, and equipment or items pledged as security for liabilities.
The carrying value of rental properties has been disclosed in note 20.
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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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