✨ Financial Statements Notes
18 AUGUST 2010 NEW ZEALAND GAZETTE, No. 104 2797
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:
| 2010 | 2009 | |
|---|---|---|
| Less than one year | 66 | 66 |
| Between one and five years | 33 | 99 |
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
| 2010 | 2009 | |
|---|---|---|
| Profit/(Loss) for the period | 29,146 | (20,475) |
| Adjustments for: | ||
| Depreciation | 11 | 13 |
| Capital Grants | (1,365) | (2,650) |
| Unrealised (gain)/loss on investments | (15,103) | 23,398 |
| Change in trade and other payables | (157) | (15) |
| Net cash from operating activities | 12,532 | 271 |
16 Related parties
There were no related transactions for the year ended 31 March 2010.
17 Subsequent events
There are no subsequent events at 31 March 2010.
18 Contingent Liabilities
There are no contingent liabilities at 31 March 2010.
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NZ Gazette 2010, No 104
✨ LLM interpretation of page content
💰
BayTrust Annual Report for the year ended 31 March 2010
(continued from previous page)
💰 Finance & RevenueFinancial statements, Operating leases, Reconciliation, Related parties, Subsequent events, Contingent liabilities