Hoea ra - Ngāti Kahungunu Iwi Incorporated

Notes to and Forming Part of theFinancial StatementsFOR THE YEAR ENDED 30 JUNE 20117 MOTOR VEHICLES & PLANTParent 2011Original Accum ClosingCost Depn ValueVehicles 255,719 154,657 101,062Plant & Machinery 196,968 137,025 59,942452,687 291,682 161,004Parent 2010Vehicles 255,719 108,825 146,894Plant & Machinery 175,523 114,980 60,543431,242 223,805 207,437Consolidated 2011Vehicles 290,377 165,055 125,322Plant & Machinery 210,490 142,916 67,573500,867 307,971 192,895Consolidated 2010Vehicles 255,719 108,825 146,894Plant & Machinery 181,021 117,778 63,243436,740 226,603 210,137ConsolidatedParent2011 2010 2011 20108 INTANGIBLES$ $ $ $Quota Shares 26,730,371 26,730,371 - -Emission Trading SchemeNZ Units 150,550 - - -26,880,921 26,730,371 - -In 2007 and 2010 the Kahungunu Asset Holding Company received quota as partof the Fisheries Settlement. Under the Mäori Fisheries Act 2004, the companymust not sell its settlement quota until two years after transfer from Te OhuKaimoana. After two years, the company can only sell its settlement quota toanother iwi or to a member of the Te Ohu Kaimoana group. The quota has beenrecorded at the value placed on it for settlement purposes.In addition to the settlements, further quota has been purchased and is recordedat cost.Kahungunu Asset Holding Company Limited has also received an allocation ofNew Zealand units as part of the New Zealand Government implementation ofthe Emissions Trading Scheme. These units have been recorded at the valueestablished by the Ministry for the Environment.Page 29