2007 Annual Report - Ngā Pae o te Māramatanga

30
FINANCIAL STATEMENTS
Ngä Pae o te Märamatanga
NATIONAL INSTITUTE OF RESEARCH EXCELLENCE FOR MÄORI DEVELOPMENT AND ADVANCEMENT
NOTES TO THE ACCOUNTS
Actual
Actual
2007 2006
12 Months 12 Months
$ $
(c) Tertiary Education Commission - Current Period Grant
Grant for the 12 months ending 31 December 2007 3,546,666 3,546,667
Tripartite funds 2006/2007 51,872
3,598,538 3,546,667
(d) Tertiary Education Commission - Research Funds Held
Research funds at beginning of period 2,779,402 2,933,779
Change in year end research funds held (794,463) (154,377)
Research funds at end of period 1,984,939 2,779,402
(e) Tertiary Education Commission - Capital Equipment Fund
Funds at beginning of period 235,981 235,981
Change in year end research funds held (1,475)
Research funds at end of period 234,506 235,981
4 Non Tertiary Education Commission
Revenues Research Funds Held
Research funds at beginning of period 265,949 28,959
Change in year end research funds held 77,038 236,990
Research funds at end of period 342,987 265,949
5 Commitments
There are outstanding commitments of $2,113,400 for signed
contracts against Research Funds Held for the Research,
Capability Building and Knowledge Exchange programmes at
balance date. (2006: $1,838,215)
ANNUAL REPORT