2012 wintec annual report

NOTES TO THE
FINANCIAL STATEMENTS
For the year ended 31 December 2012.
CONSOLIDATED
2012
$’000
2011
$’000
2012
$’000
PARENT
2011
$’000
(d) Finance (costs)/income
Bank loans and overdrafts (692) (615) (688) (613)
Debt collection fees - (4) (3) (4)
Other finance costs (3) (39) - (37)
Total finance costs (695) (658) (691) (654)
Interest earned on bank deposits 338 216 272 196
Total finance income 338 216 272 196
(e) Employee benefits expense
Wages and salaries (48,670) (44,892) (46,641) (44,068)
Defined contribution plan employer contributions - (72) - (72)
(Increase)/decrease in employee entitlements 203 (2,620) 308 (2,542)
Total (48,467) (47,584) (46,333) (46,682)
Employer contributions to defined contribution plans include contributions to Kiwisaver, the Defined Benefit Plan Contribution Scheme, and
the Government Superannuation Fund.
(f) Other Expenses
Loss on disposal of property, plant and equipment - (777) - (777)
Donations and koha (113) (8) (11) (8)
Bad debts (209) (273) (184) (273)
Aggregate research and development costs (432) (261) (430) (261)
Operating lease payments (1,519) (1,467) (1,454) (1,467)
Occupancy costs (3,446) (4,845) (3,352) (4,662)
Administration costs (9,691) (8,525) (9,709) (8,150)
Other costs (13,112) (9,667) (13,082) (9,732)
Total (28,522) (25,823) (28,223) (25,331)