2012 wintec annual report
2012 wintec annual report
2012 wintec annual report
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NOTES TO THE<br />
FINANCIAL STATEMENTS<br />
For the year ended 31 December <strong>2012</strong>.<br />
19 EVENTS AFTER THE BALANCE SHEET DATE<br />
On the 22 February 2013 Wintec received $4.7m from the New Zealand Transport Authourity for Land that was compulsorily purchased<br />
from Wintec’s Rotokauri campus for the new Avalon Drive expressway. This land has been classifed as held for sale in the 2011 and <strong>2012</strong><br />
financial statements.<br />
20 FINANCIAL INSTRUMENT CATEGORIES<br />
The accounting policies for financial instruments have been applied to the line items below.<br />
CONSOLIDATED<br />
<strong>2012</strong><br />
$’000<br />
2011<br />
$’000<br />
<strong>2012</strong><br />
$’000<br />
PARENT<br />
2011<br />
$’000<br />
FINANCIAL ASSETS<br />
Loans and receivables<br />
Cash and cash equivalents 1,339 1,885 7 8<br />
Debtors and other receivables 12,248 12,717 13,887 14,639<br />
Other financial assets<br />
- Term deposits - - - -<br />
- Loans to related parties - - - -<br />
- Special funds investments 150 146 150 146<br />
Total 13,738 14,748 14,044 14,793<br />
Fair value through other comprehensive income<br />
Other financial assets<br />
- Government bonds - - - -<br />
- Unlisted shares 38 38 38 38<br />
- Listed shares - - - -<br />
Total 38 38 38 38<br />
FINANCIAL LIABILITIES<br />
Financial liabilities at amortised cost<br />
Bank overdraft - 4,996 72 5,000<br />
Creditors and other payables 7,717 5,779 6,656 5,577<br />
Secured loans 7,240 8,044 7,240 8,044<br />
Total 14,957 18,819 13,968 18,621
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