Annual Report 2010 - Royal New Zealand Ballet

Annual Report 2010\ 33NOTES TO THE FINANCIAL STATEMENTS5 Retained earnings2010 2009$’000 $’000Balance 1 January 2010 1,144 748Surplus for the year 305 396Balance 31 December 2010 1,449 1,1446 Remuneration of auditorsDuring the year the following fees were paid or payable for services provided by the auditorof the Ballet:2010 2009$’000 $’000(a) Assurance servicesAudit servicesPricewaterhouseCoopersAudit of financial report 18 17Total remuneration for audit services 18 177 GuaranteesThe following matters have not been recognised in the financial statements because ofthe uncertainty associated with their outcomes. The amounts disclosed are net of anyapplicable taxes:Guarantees2010 2009$’000 $’000A payroll letter of credit in place fromRNZB in favour of DATACOM Services atthe ASB Bank. The Trustees do not expectany liability to arise as a result of this letterof credit 130 120