Wintec Annual Report 2009
Wintec Annual Report 2009
Wintec Annual Report 2009
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FINANCIAL PERFORMANCE<br />
NOTES TO THE FINANCIAL STATEMENTS (CONT)<br />
FOR THE YEAR ENDED 31 DECEMBER <strong>2009</strong><br />
14 REVENUE RECEIVED IN ADVANCE CONSOLIDATED PARENT<br />
<strong>2009</strong> 2008 <strong>2009</strong> 2008<br />
$000 $000 $000 $000<br />
Government grants<br />
Student fees 2,975 2,754 2,975 2,754<br />
2,975 2,754 2,975 2,754<br />
Current portion 2,975 2,754 2,975 2,754<br />
Non-current portion - - - -<br />
2,975 2,754 2,975 2,754<br />
15 ASSET REVALUATION RESERVE CONSOLIDATED PARENT<br />
<strong>2009</strong> 2008 <strong>2009</strong> 2008<br />
$000 $000 $000 $000<br />
At 1 January 16,900 11,395 16,900 11,395<br />
Depreciation transfer - - - -<br />
Revaluation of land and building - 5,505 - 5,505<br />
At 31 December 16,900 16,900 16,900 16,900<br />
The asset revaluation reserve is used to record increments and decrements in the fair<br />
value of land and buildings to the extent that they offset one another.<br />
64 _ <strong>Wintec</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong>
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