✨ Financial Statements
3338 NEW ZEALAND GAZETTE, No. 119 5 AUGUST 2011
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2011
| 2011 | 2010 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Buildings | ||
| Cost | ||
| Balance at 1 April | 1,216 | 1,195 |
| Add additions | - | 21 |
| Balance at 31 March | 1,216 | 1,216 |
| Accumulated Depreciation | ||
| Balance at 1 April | 382 | 342 |
| Depreciation Expense | 37 | 40 |
| Balance at 31 March | 419 | 382 |
| Net Book Value 31 March | 797 | 834 |
| Land | ||
| Cost | ||
| Balance at 1 April | 844 | 844 |
| Balance at 31 March | 844 | 844 |
| Total Property Plant and Equipment | ||
| Cost | ||
| Balance at 1 April | 3,380 | 3,356 |
| Add additions | 135 | 24 |
| Less disposals | (32) | - |
| Balance at 31 March | 3,483 | 3,380 |
| Accumulated Depreciation | ||
| Balance at 1 April | 679 | 596 |
| Less disposals | (29) | - |
| Depreciation Expense | 88 | 83 |
| Balance at 31 March | 737 | 679 |
| Net Book Value at 31 March | 2,746 | 2,701 |
(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 which is included in buildings above has been disclosed in note 19.
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NZ Gazette 2011, No 119
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Notes to Financial Statements of The Waikato Community Trust Incorporated
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💰 Finance & RevenueFinancial Statements, Property, Plant and Equipment, Office Equipment, Motor Vehicles, Art and Artefacts, Cost, Depreciation, Net Book Value