OTAGO MUSEUM

OTAGO MUSEUM TRUST BOARD
NOTES TO THE FINANCIAL STATEMENTS (Cont.)
For the Financial Year Ended 30 June, 2015
5. KEY MANAGEMENT PERSONNEL COMPENSATION
Key management personnel include Trust Board Members, the Chief Executive and other members of the Museum
Management Team. With the exception of the Chairperson of the Board who receives a small honorarium, other Trust Board
members do not receive any remuneration.
2015 2014
$ $
Short-term employee benefits 833,506 1,067,233
Other benefits - -
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$833,506 $1,067,233
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The full-time equivalent of key management personnel receiving remuneration is detailed below:
Trust Board Members 0.04 0.04
Museum Management Team 6 7.5
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6.04 7.54
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6. SEVERANCE PAYMENTS
For the year ended 30 June 2015, the Otago Museum Trust Board made no severance payments to employees outside the
meeting of contractual payments in regards to outstanding leave, sabbatical, and retirement entitlements (2014: $Nil).
7. REMUNERATION OF AUDITORS 2015 2014
$ $
Audit Fees for Financial Statement Audit $28,134 $27,804
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The auditor of Otago Museum Trust Board is Audit New Zealand on behalf of the Auditor-General.
8. TRADE AND OTHER RECEIVABLES
Trade Receivables 84,233 114,213
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84,233 114,213
Sundry Receivables and Accruals 70,718 82,182
Estimated Doubtful Debts - -
Goods and Services Tax (GST) Receivable 33,177 31,554
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$188,128 $227,949
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The following are recognised as non-exchange transactions:
2015 2014
$ $
Accrued Interest 74,014 81,915
GST Receivable 33,177 31,554
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$107,191 $113,469
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All other trade and other receivables are considered as exchange transactions.
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