✨ Financial Statements Notes
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2013
16. PROPERTY PLANT AND EQUIPMENT
| 2013 NZ$'000 | |||||
|---|---|---|---|---|---|
| OPENING COST | ADDITIONS/ | ACCUMULATED | (GAIN)/LOSS EXPENSE | BOOK VALUE | |
| (DISPOSALS) | DEPRECIATION & | ON DISPOSAL | |||
| IMPAIRMENT | |||||
| Office Equipment | 217 | 10 | 184 | 11 | 43 |
| Motor Vehicles | 105 | - | 88 | 9 | 17 |
| Art and Artefacts | 1,103 | 77 | 169 | 122 | 1,011 |
| Buildings | 1,219 | 1 | 486 | 33 | 734 |
| Land | 844 | - | - | - | 844 |
| Total | 3,488 | 88 | 927 | 175 | 2,649 |
| 2012 NZ$'000 | |||||
|---|---|---|---|---|---|
| OPENING COST | ADDITIONS/ | ACCUMULATED | (GAIN)/LOSS EXPENSE | BOOK VALUE | |
| (DISPOSALS) | DEPRECIATION & | ON DISPOSAL | |||
| IMPAIRMENT | |||||
| Office Equipment | 273 | (56) | 173 | 15 | (3) |
| Motor Vehicles | 105 | - | 79 | 15 | - |
| Art and Artefacts | 1,047 | 56 | 47 | 11 | - |
| Buildings | 1,216 | 2 | 453 | 34 | - |
| Land | 844 | - | - | - | - |
| Total | 3,485 | 2 | 752 | 75 | (3) |
There are no items of property, plant, and equipment which are not in current use.
Impairment losses of $110,683 (2012: nil) have been recognised in the current year in relation to the write down of an art work to net realisable value.
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 2013, No 109
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Financial Statements of The Waikato Community Trust Incorporated
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🏢 State Enterprises & InsuranceFinancial statements, Community Trusts, Waikato, Property Plant and Equipment, Depreciation, Impairment