annual report - Universities New Zealand - Te Pōkai Tara

NZVCC ANNUAL REPORT 2008FINANCIAL SUMMARYBALANCE SHEETAS AT 30 JUNE 2008EquityACTUAL ACTUAL2008 2007$ $Committee Funds 768,070 783,762Asset Revaluation Reserve 405,988 405,988Accumulated Funds $1,174,058 $1,189,750REPRESENTED BY:Current AssetsCash and Cash Equivalent 2,265,230 1,880,323Trade and Other Receivables 87,161 81,083Accrued Interest 29,794 31,407Bank Term Investments 500,000 800,0002,882,185 2,792,813Non-Current AssetsProperty, Plant & Equipment 709,221 742,721Jarden Morgan Portfolio 1,366,550 1,447,4812,075,771 2,190,202Total Assets 4,957,956 4,983,015Current LiabilitiesTrade and Other Payables 137,314 102,507Employee Entitlements 70,990 49,199GST Payment/(Refund) -10,554 -3,194Commercialisation of Research Fund 8,444 8,443CONZUL 25,189 18,264NZ Council of Deans of Education 184,982 169,695NZ Women in Leadership 158,513 106,875574,878 451,789Non-Current LiabilitiesEmployee Entitlements 50,560 116,638Scholarship Commitments 3,158,460 3,224,8383,209,020 3,341,476Total Liabilities 3,783,898 3,793,265Net Assets $1,174,058 $1,189,750Page 35