NZ Rugby Foundation Annual Report 2016

New Zealand Rugby Foundation Incorporated
Notes to the Performance Report
For the year ended
31 December 2016
Notes 7-11
Note 7: Goods or Services Provided to the Entity in Kind*
Description*
Amount*
Beverage for events (DB / Yealands) 20,826
Catering for events (Waipuna Conference
Centre) 3,436
Design and print (Sentra) 3,600
Electrical goods (Panasonic) 36,197
Legal advice (Claymores) 6,250
Print advertising (NZ Rugby World) 37,600
Note 8: Assets Held on Behalf of Others*
Description of the Assets Held*
Cash
Name of Entity of Whose Behalf Assets are Held*
Individual VIPs - Kennan Alexander and Lui Te’o
Note 9: Related Party Transactions* 2016 2015
$ $
Description of Related Party
Relationship*
The Foundation have a
responsibility to coordinate with
New Zealand Rugby in giving effect
to the objectives of the Foundation.
To monitor this, Andrew Golightly,
a Director of New Zealand Rugby is
also a director of this Foundation.
Note 10: Events After the Balance
Date*
Description of the Transaction
(whether in cash or amount in
kind)*
Value of
Transactions*
Value of
Transactions*
The Foundation receives grants
from New Zealand Rugby for
use in general operations of the
Foundation. 400,000 300,000
Events After the Balance Date:
There were no events that have occurred after the balance date that would have a material impact
on the Performance Report. (Last Year : Nil)
Note 11: Ability to Continue Operating*
The Foundation will continue to operate for the forseeable future.
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NEW ZEALAND RUGBY FOUNDATION INCORPORATED CC42547
ANNUAL REPORT 2016