β¨ Financial Statements
5 AUGUST 2011 NEW ZEALAND GAZETTE, No. 119 3353
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2011
19. OPERATING LEASE ARRANGEMENTS
The Trust as Lessor
Non - cancellable operating lease receivable
| 2011 | 2010 | |
|---|---|---|
| Not longer than 1 year | NZ$'000 | 11 |
| Longer than 1 year and not longer than 5 years | ||
| Longer than 5 years | 11 | 33 |
The operating lease relates to the building owned by the Trust at 87 Boundary Road, which is included in property, plant and equipment in the Balance Sheet. The lease term for 87 Boundary Road is three years with no right of renewal. The final expiry date of the lease is 19 September 2011.
The carrying value of the leased asset is $337,022 (2010 - $347,691) (Land - $87,000 (2010 - $87,000), Buildings - $250,022 (2010 - $260,691)), the accumulated depreciation is $86,051 (2010 - $75,382) and the depreciation charge for the year is $10,669 (2010 - $11,178).
20. SUBSEQUENT EVENTS
There are no matters or events that have arisen, or been discovered, subsequent to balance date that would require adjustment to, or disclosure in, these financial statements.
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β¨ LLM interpretation of page content
π° Operating Lease Arrangements
π° Finance & RevenueOperating lease, Financial statements, Waikato Community Trust, Property lease
π° Subsequent Events Disclosure
π° Finance & RevenueFinancial statements, Subsequent events, Waikato Community Trust
NZ Gazette 2011, No 119