✨ Financial Statements Notes
Notes to the financial statements (continued)
in New Zealand Dollars (000’s)
14 Operating leases
Leases as lessee
Non-cancellable operating lease rentals are payable as follows:
| 2009 | 2008 | |
|---|---|---|
| Less than one year | 66 | 66 |
| Between one and five years | 99 | 232 |
Lease is for a 6 year term, with 2 rights of renewal for 3yrs each.
15 Reconciliation of the profit for the period with the net cash from operating activities
| 2009 | 2008 | |
|---|---|---|
| Profit for the period | (20,475) | (7,082) |
| Adjustments for: | ||
| Depreciation | 13 | 19 |
| Loss on disposal of property, plant and equipment | ||
| Capital Grants | (2,650) | (4,135) |
| Unrealised loss on investments | 23,398 | 8,804 |
| Change in trade and other payables | (15) | 39 |
| Net cash from operating activities | 271 | (2,655) |
16 Related parties
There were no related transactions for the year ended 31 March 2009.
17 Subsequent event
There are no Subsequent events at 31 March 2009.
18 Contingent Liabilities
There are no Contingent Liabilities at 31 March 2009.
A full list of all distributions by way of grants for the year ended 31 March 2009 is available from the trust office on request, info@baytrust.org.nz or telephone (07) 578 6546 or 0800 654 546.
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NZ Gazette 2009, No 122
✨ LLM interpretation of page content
💰
BayTrust Annual Report for 2008-2009 (continued)
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Operating Leases, Cash Flow, Related Parties, Contingent Liabilities