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Aktive Annual Report 2016/17

48

48 Aktive Annual Report 2016/2017 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2017 2017 2016 1. ACCOUNTING POLICIES (REFER TO STATEMENT OF ACCOUNTING POLICIES) 2. REVENUE FROM NON-EXCHANGE TRANSACTIONS KiwiSport funding 2,833,262 2,688,483 Sport New Zealand community sport and other funding 5,311,247 4,465,715 OTHER GRANTS, DONATIONS AND SIMILAR REVENUE Auckland Council 574,200 552,000 Grants Income 2,036,308 2,109,059 Total Other grants, donations and similar revenue 2,610,508 2,661,059 TOTAL REVENUE FROM NON-EXCHANGE TRANSACTIONS 10,755,018 9,815,257 Grant revenue includes the following amounts gratefully received; Foundation North $1,100,000, The Lion Foundation $50,000, NZ Community Trust $525,000, and Water Safety New Zealand Incorporated $180,000. 3. ANALYSIS OF EXPENSES - TOTAL EXPENSES INCLUDES THE FOLLOWING SPECIFIC EXPENSES: Grants - community funding 8,065,418 7,273,210 EMPLOYEE RELATED COSTS Salary costs - administration 602,920 707,865 Salary costs - programme delivery and other 1,200,903 899,357 Total Employee related costs 1,803,823 1,607,222 OTHER EXPENSES Leasing, rental and other interest costs 89,196 84,189 Programme delivery costs 1,048,879 904,858 Trustees and related party expenses 92,500 84,335 Other programme and administrative costs 637,626 504,215 Total Other expenses 1,868,201 1,577,597 4. CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES (carrying amounts) FINANCIAL ASSETS (WITHIN STATEMENT OF FINANCIAL POSITION) Loans and Receivables Cash and deposits at bank with maturities of less than three months 447,114 3,147,183 Short-term investments - maturing within 12 months of balance date 3,141,972 617,532 Receivables from exchange transactions 1,074,875 55,919 Receivables from non-exchange transactions 1,057,540 637,000 Total Loans and Receivables 5,721,501 4,457,634 TOTAL FINANCIAL ASSETS (within Statement of Financial Position) 5,721,501 4,457,634 FINANCIAL LIABILITIES - AT AMORTISED COST Trade and other payables (678,138) (465,548) Employee benefits (62,422) (52,332) Loans and borrowings (133,006) (121,805) Income in advance (conditions attached) (3,524,906) (3,041,759) Total Financial liabilities - at amortised cost (4,398,472) (3,681,443)

Aktive Annual Report 2016/2017 49 2017 2016 5. CASH AND CASH EQUIVALENTS Cash at bank 447,114 1,694,958 Short-term deposits with maturities of less than three months - 1,452,226 Total Cash and cash equivalents 447,114 3,147,183 6. SHORT TERM INVESTMENTS Term deposits - maturing within 12 months of balance date (in October and November 2017 bearing 3.3% to 3.65% interest) 3,141,972 617,532 Total Short Term Investments 3,141,972 617,532 7. PROPERTY, PLANT AND EQUIPMENT Motor Vehicles Vehicles owned 334,202 249,802 Accumulated depreciation - vehicles owned (126,826) (67,862) Total Motor Vehicles 207,376 181,941 Office Equipment Office equipment owned 25,007 25,007 Accumulated depreciation - office equipment (20,806) (15,006) Total Office Equipment 4,202 10,001 Computer Equipment Computer equipment owned 56,909 52,832 Accumulated depreciation - computer equipment (45,923) (28,783) Total Computer Equipment 10,986 24,049 TOTAL PROPERTY, PLANT AND EQUIPMENT 222,564 215,990 RECONCILIATION OF THE CARRYING AMOUNT AT THE BEGINNING AND END OF PERIOD: Office Equipment Computer Equipment Motor Vehicles Total Opening balance 10,001 24,049 181,941 215,991 Additions - 4,077 84,399 88,476 Disposals - - - - Depreciation 5,799 17,140 58,964 81,903 Net book value 4,202 10,986 207,376 222,564

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