✨ Financial Statements
27 AUGUST 2014 NEW ZEALAND GAZETTE, No. 101 2789
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
6. ACCOUNTS PAYABLE AND ACCRUALS
| 2014 | 2013 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Accounts Payable | 94 | 101 |
| Accrued Expenses | 145 | 123 |
| Holiday Pay | 54 | 53 |
| Accrued Salaries | 14 | 31 |
| Total | 307 | 308 |
7. CONTINGENT LIABILITIES: DONATIONS AND SPONSORSHIPS
Donations that are classified as contingent liabilities at balance date are discretionary donation obligations that are reliant on fulfillment of certain conditions in future years. Sponsorships that are classified as contingent liabilities at balance date are sponsorship contracts which are reliant on fulfillment of certain conditions in future years. The following contingent liabilities exist for donations and sponsorships that have been approved in the current or previous years.
| 2014 | 2013 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Donations | 4,335 | 5,217 |
| Sponsorships | 200 | 295 |
| Total | 4,535 | 5,512 |
Subject to fulfillment of the conditions, the contingent liabilities are payable as follows:
| 2014 | 2013 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Not later than 1 year | 3,790 | 3,315 |
| Later than 1 year and not later than 5 years | 745 | 2,197 |
| Total | 4,535 | 5,512 |
8. ACCOUNTS RECEIVABLE
| 2014 | 2013 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Accounts Receivable | 3 | 1 |
| GST | 17 | 27 |
| Total | 20 | 28 |
Full NZ IFRS Financial Statements for the year ended 31 March 2014
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NZ Gazette 2014, No 101
✨ LLM interpretation of page content
💰
Notes to the Financial Statements of The Waikato Community Trust Incorporated
(continued from previous page)
💰 Finance & Revenue24 July 2014
Financial Statements, Depreciation, Cash Flows, Goods and Services Tax, Taxation, Foreign Currency Transactions