NZNA_AnnualReport2017_280817_v10_small

Statement of
Financial Position
For the year ended 31 March 2017
NOTE
2017
$
2016
$
Current assets
Cash and cash equivalents 755,696 696,887
Cash and cash equivalents (investments) 12 2,100,000 1,500,000
Prepayments 74,972 57,308
Receivables from exchange transactions 10 230,017 957,718
Receivables from non-exchange transactions 11 64,610 27,627
Investments (over 3 months) 12 3,600,000 3,500,000
6,825,295 6,739,541
Non-current assets
Intangible assets 13 263,818 382,416
Property, plant and equipment 14 851,963 1,027,953
Receivables from non-exchange transactions 11 36,046 51,981
Investments 12 2,300,000 700,000
Artwork 2,506 2,506
3,454,332 2,164,856
Total assets 10,279,627 8,904,397
Current liabilities
Accounts payable 559,498 568,450
Lease incentive 59,225 34,035
Finance lease 27,859 21,400
Employee entitlements 164,448 171,111
Revenue in advance from exchange transactions - 22,174
Revenue in advance from non-exchange transactions 1,206,844 1,148,435
Total current liabilities 2,017,874 1,965,605
Non-current liabilities
Finance lease 110,135 136,930
Lease incentive 232,134 291,359
Total non-current liabilities 342,269 428,289
Total liabilities 2,360,144 2,393,894
Net assets 7,919,484 6,510,503
Equity
Accumulated comprehensive revenue and expense 7,919,484 6,510,503
Total net assets attributable to the owners 7,919,484 6,510,503
These financial statements should be read in conjunction with the notes to the financial statements.
Signed for and on behalf of the Council Members,
who authorised these financial statements for issue
on 15 August 2017. CHAIRPERSON CHIEF EXECUTIVE
68 | The Nursing Council of New Zealand