Aktive Annual Report 2016/17
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<strong>Aktive</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2016</strong>/20<strong>17</strong> 51<br />
20<strong>17</strong> <strong>2016</strong><br />
11. COMMITMENTS<br />
NON-CANCELLABLE OPERATING LEASE COMMITMENTS<br />
Not later than one year 72,447 72,447<br />
Later than one year and no later than five years 289,788 289,788<br />
Later than five years 132,823 205,270<br />
Total Non-cancellable operating lease commitments 495,058 567,505<br />
COMMITMENTS TO PROVIDE LOANS OR GRANTS<br />
<strong>Aktive</strong> has entered into various commitments for community sport<br />
development over the next three years<br />
750,227 750,227<br />
Total Commitments to provide loans or grants 750,227 750,227<br />
NON-CANCELLABLE OPERATING LEASE COMMITMENTS<br />
The non-cancellable operating lease commitment relates to the office rental at 14 Normanby Road.<br />
12. CONTINGENT LIABILITIES AND GUARANTEES<br />
At year end, a bank guarantee exists in respect of a credit from BNZ to iPayroll Limited for $45,500<br />
(<strong>2016</strong>: $45,500) to cover payroll transactions.<br />
13. IN-KIND GOODS OR SERVICES PROVIDED<br />
IN-KIND GOODS OR SERVICES<br />
Use of facilities for the Pathway to Podium programme, principally from Unitec,<br />
68,618 68,618<br />
AUT, and Auckland Council<br />
Fairfax advertising and communications support 125,000 125,000<br />
Support for the GAAP and Good Sports programme, principally by Water Safety<br />
5,764 28,418<br />
NZ and AUT staff<br />
Cars provided by West City Holden 8,400 8,400<br />
Operational / legal support by Simpson Grierson and Sheffield 25,792 20,000<br />
Total In-kind goods or services 233,574 250,436<br />
The above in-kind goods or services that are much appreciated are included within Other Operating<br />
Revenue and also within Other Expenses within the Statement of Revenue and Expenditure.
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