New Zealand Gazette – 2014 – No. 101

Page 2798

✨ Financial Statements



2798 NEW ZEALAND GAZETTE, No. 101 27 AUGUST 2014

THE WAIKATO COMMUNITY TRUST INCORPORATED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

13. PROPERTY, PLANT AND EQUIPMENT

2014
NZ$'000
OPENING COST ADDITIONS/ (DISPOSALS) ACCUMULATED DEPRECIATION & IMPAIRMENT DEPRECIATION EXPENSE GAIN/(LOSS) ON DISPOSAL BOOK VALUE
Office Equipment 227 2 173 19 (1) 56
Motor Vehicles 105 11 54 28 14 62
Art and Artefacts 1,181 81 181 11 - 1,081
Buildings 1,220 - 517 31 - 703
Land 844 - - - - 844
3,577 94 925 89 13 2,746
2013
NZ$'000
OPENING COST ADDITIONS/ (DISPOSALS) ACCUMULATED DEPRECIATION & IMPAIRMENT DEPRECIATION & IMPAIRMENT EXPENSE GAIN/(LOSS) ON DISPOSAL BOOK VALUE
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
3,488 88 927 175 - 2,649

There are no items of property, plant and equipment which are not in current use.

There were no impairment losses during the current year. In the year ended 31 March 2013, impairment losses of $110,683 were recognised in relation to the write down of an art work to net realisable value. Depreciation on that art work has been provided at 1% of the impaired 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 16.



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Gazette.govt.nz — PDF 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 & Revenue
24 July 2014
Financial Statements, Property, Plant and Equipment, Depreciation, Impairment, Book Value