2012 wintec annual report

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NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2012. Contractual maturity analysis of financial assets The table below analyses financial assets into relevant maturity groupings based on the remaining period at the balance date to the contractual maturity date: Carrying amount $’000 Contractual cashflows $’000 3 years $’000 Institute 2012 Cash and cash equivalents 7 7 7 - - - - Debtors and other receivables 13,887 13,887 13,887 - - - - Government bonds - - - - - - - Term deposits - - - - - - - Total 13,894 13,894 13,894 - - - - Group 2012 Cash and cash equivalents 1,339 1,339 1,339 - - - - Debtors and other receivables 12,248 12,248 12,248 - - - - Government bonds - - - - - - - Term deposits - - - - - - - Total 13,587 13,587 13,587 - - - - Institute 2011 Cash and cash equivalents 8 8 8 - - - - Debtors and other receivables 14,639 14,639 10,325 4,294 20 - - Government bonds - - - - - - - Term deposits - - - - - - - Total 14,647 14,647 10,333 4,294 20 - - Group 2011 Cash and cash equivalents 1,885 1,885 1,885 - - - - Debtors and other receivables 12,717 12,717 8,403 4,294 20 - - Government bonds - - - - - - - Term deposits - - - - - - - Total 14,602 14,602 10,288 4,294 20 - -
WINTEC ANNUAL REPORT 2012 77 Sensitivity analysis The tables below illustrate the potential surplus or deficit and equity (excluding general funds) impact for reasonably possible market movements, with all other variables held constant, based on financial instrument exposures at the balance date. 2012 $’000 2011 $’000 Surplus -50bps Other equity Surplus +50pbs Other equity Surplus -50bps Other equity Surplus +50bps Other equity INTEREST RATE RISK Institute Financial Assets Cash and cash equivalents 1 (1) 25 (25) Financial Liabilities Secured loans 36 (36) 40 (40) Total sensitivity 37 (37) 65 (65) INTEREST RATE RISK Group Financial Assets Cash and cash equivalents 7 (7) 25 (25) Financial Liabilities Secured loans 36 (36) 40 (40) Total sensitivity 43 (43) 65 (65) FINANCIAL PERFORMANCE Explanation of interest rate risk sensitivity The interest rate sensitivity is based on a reasonable possible movement in interest rates, with all other variables held constant, measured as a basis points (bps) movement. For example a decrease in 50bps is equivalent to a decrease in interest rates of 0.5%. Interest on financial instruments, classified as floating rate, is re-priced at intervals of less than one year. Interest on financial instruments classified as fixed rate until maturity of the instrument. The other financial instruments of the Institute that are not included in the above tables are non-interest bearing. 1 2 3 4 5 6 7 8 9 10
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2012 wintec annual report
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WINTEC ANNUAL REPORT 2012 5 OVERVIE
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WINTEC ANNUAL REPORT 2012 7 1995 La
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WINTEC ANNUAL REPORT 2012 09 Qualit
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In 2012 we drove further innovation
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We continued to develop relationshi
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6 4 2 1 3 7 5 Our Council On April
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WINTEC ANNUAL REPORT 2012 19 HIGHLI
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WINTEC ANNUAL REPORT 2012 21 The ac
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WINTEC ANNUAL REPORT 2012 23 World
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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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