2012 wintec annual report

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NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2012. 7 OTHER FINANCIAL ASSETS CONSOLIDATED PARENT 2012 $’000 2011 $’000 2012 $’000 2011 $’000 Non-current portion (i) Unlisted shares:- Shares in PINZ (at cost) 38 38 38 38 (ii) Special funds investments (term deposits) 150 146 150 146 Total 188 184 188 184 Fair Value Unlisted Shares Unlisted shares are held in non-commercial entities and are carried at cost less impairment because the fair value of the investment cannot be reliably determined using a standardised valuation technique or due to cost not being materially different to value. Special Trust Funds Special Trust Funds are restricted equity reserves held specifically in trust for the purpose of generating interest for students to access, upon application and meeting specified conditions. Impairment There were no impairment provisions for other financial assets. None of the financial assets are either past due or impaired.
WINTEC ANNUAL REPORT 2012 57 8 property, plant and equipment 2012 Cost 1/1/2012 $'000 Accumulated Depreciation 1/1/2012 $'000 Carrying Amount 1/1/2012 $'000 Additions** $'000 Disposals* $'000 Impairment Charge $'000 Depreciation Charge $'000 Revaluation Surplus $'000 Cost 31/12/2012 $'000 Accumulated Depreciation 31/12/2012 $'000 Carrying Amount 31/12/2012 $'000 Consolidated Land 16,460 - 16,460 3,230 (2,398) - - - 17,292 - 17,292 Buildings 109,083 (300) 108,783 5,971 (1,559) (1,111) (2,959) - 111,866 (2,740) 109,126 Computer hardware 5,163 (2,121) 3,042 1,490 - - (857) - 6,654 (2,978) 3,676 Furniture and equipment 7,800 (4,483) 3,317 1,038 - - (933) - 8,838 (5,416) 3,422 Motor vehicles 326 (243) 83 - - - (35) - 326 (278) 48 Library collection 3,415 (1,901) 1,514 686 - - (584) - 4,101 (2,485) 1,616 Total Consolidated 142,248 (9,048) 133,200 12,416 (3,957) (1,111) (5,368) - 149,077 (13,897) 135,180 Parent Land 16,460 - 16,460 3,230 (2,398) - - - 17,292 - 17,292 Buildings 109,083 (300) 108,783 5,971 (1,559) (1,111) (2,959) - 111,866 (2,740) 109,126 Computer hardware 5,163 (2,121) 3,042 1,490 - - (857) - 6,654 (2,978) 3,676 Furniture and equipment 7,591 (4,420) 3,171 1,020 - - (910) - 8,611 (5,330) 3,281 Motor vehicles 326 (243) 83 - - - (35) - 326 (278) 48 Library collection 3,415 (1,901) 1,514 686 - - (584) - 4,101 (2,485) 1,616 Total Parent 142,039 (8,985) 133,054 12,398 (3,957) (1,111) (5,345) - 148,850 (13,811) 135,039 FINANCIAL PERFORMANCE * included in land additions is $3,230,000 relating to net movement of land transferred as assets held for sale. 1 2 3 4 5 6 7 8 9 10
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2012 wintec annual report
Page 5 and 6: WINTEC ANNUAL REPORT 2012 5 OVERVIE
Page 7 and 8: WINTEC ANNUAL REPORT 2012 7 1995 La
Page 9: WINTEC ANNUAL REPORT 2012 09 Qualit
Page 12 and 13: In 2012 we drove further innovation
Page 14 and 15: We continued to develop relationshi
Page 16 and 17: 6 4 2 1 3 7 5 Our Council On April
Page 19 and 20: WINTEC ANNUAL REPORT 2012 19 HIGHLI
Page 21 and 22: WINTEC ANNUAL REPORT 2012 21 The ac
Page 23 and 24: WINTEC ANNUAL REPORT 2012 23 World
Page 25 and 26: WINTEC ANNUAL REPORT 2012 25 TEC Fu
Page 27 and 28: WINTEC ANNUAL REPORT 2012 27 EQUAL
Page 29: WINTEC ANNUAL REPORT 2012 29 Equal
Page 32 and 33: Statement of Responsibility The Cou
Page 34 and 35: AUDIT REPORT (Continued) We did not
Page 36 and 37: STATEMENT OF FINANCIAL POSITION As
Page 38 and 39: STATEMENT OF CHANGES IN EQUITY As a
Page 40 and 41: STATEMENT OF CASH FLOWS (Continued)
Page 42 and 43: NOTES TO THE FINANCIAL STATEMENTS F
Page 82 and 83: The Investment Plan is Wintec’s f
Page 84 and 85: PARTICIPATION AND PROVISION (Contin
Page 86 and 87: EDUCATIONAL OUTCOMES Educational pe
Page 88 and 89: EDUCATIONAL OUTCOMES (Continued) In
Page 90 and 91: CUSTOMERS AND STAKEHOLDERS (Continu
Page 92 and 93: RESEARCH Our research and commercia
Page 94 and 95: FINANCE, CAPITAL ASSETS AND PERFORM
Page 96 and 97: FINANCE, CAPITAL ASSETS AND PERFORM
Page 98 and 99: TEACHING AND LEARNING AND CAPABILIT
Page 101 and 102: WINTEC ANNUAL REPORT 2012 101 ackno
Page 103 and 104: WINTEC ANNUAL REPORT 2012 103 Hamil
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2012 wintec annual report

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