✨ Financial Statements Notes
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2012
20. PROPERTY, PLANT & EQUIPMENT (Cont’d)
| | Land
| $000 | Buildings
| $000 | Equipment
| $000 | Furniture & Fittings
| $000 | Motor Vehicles
| $000 | Total
| $000 |
|-------------------------|------|----------|-----------|------------------|---------------|-------|
| Parent | | | | | | |
| Cost or Valuation at 31 March 2010 | 350 | 748 | 242 | 159 | 76 | 1,575 |
| Additions/Revaluations | 25 | - | 41 | 2 | 75 | 143 |
| Disposals/Revaluations | - | (7) | - | - | (74) | (81) |
| Cost or Valuation at 31 March 2011 | 375 | 741 | 283 | 161 | 77 | 1,637 |
| Additions/Revaluations | - | - | 4 | 7 | - | 11 |
| Disposals/Revaluations | (15) | (6) | (21) | - | - | (42) |
| Cost or Valuation at 31 March 2012 | 360 | 735 | 266 | 168 | 77 | 1,606 |
| Accumulated depreciation at 31 March 2010 | - | 248 | 210 | 150 | 46 | 654 |
| Depreciation | - | 18 | 15 | 2 | 17 | 52 |
| Disposals | - | - | - | - | (56) | (56) |
| Accumulated depreciation at 31 March 2011 | - | 266 | 225 | 152 | 7 | 650 |
| Depreciation | - | 20 | 17 | 2 | 15 | 55 |
| Disposals | - | - | - | - | - | - |
| Accumulated depreciation at 31 March 2012 | - | 286 | 242 | 154 | 23 | 705 |
| Net book value 31 March 2011 | $375 | $475 | $58 | $9 | $70 | $987 |
| Net book value 31 March 2012 | $360 | $449 | $24 | $14 | $54 | $901 |
The March 2012 valuation of freehold land and buildings was completed by Chadderton Valuation, an independent valuer (the March 2011 valuation was also completed by Chadderton Valuation). Revaluations take place annually.
21. KEY MANAGEMENT PERSONNEL
The compensation of the Executives, being the key management personnel is set out below:
| | Group 2012
| $000 | Group 2011
| $000 | Parent 2012
| $000 | Parent 2011
| $000 |
|------------------|------------|------------|-------------|-------------|
| Short term employee benefits | 341 | 334 | 191 | 185 |
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NZ Gazette 2012, No 105
✨ LLM interpretation of page content
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Financial Report of the Community Trust of Southland
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💰 Finance & RevenueFinancial Report, Community Trust, Southland, 2012, Statements, Notes, Audit, Accounting Policies, Interest, Subsidiaries, Property, Plant & Equipment