geoff hawkings - Waiariki Institute of Technology
geoff hawkings - Waiariki Institute of Technology
geoff hawkings - Waiariki Institute of Technology
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note 6: accumulated Funds<br />
2006 2005<br />
$000s $000s<br />
Opening Balance <strong>of</strong> Accumulated Funds 23,314 22,668<br />
Net Surplus/(Deficit) 495 646<br />
Decline in value <strong>of</strong> <strong>Institute</strong>-owned Land and Land Improvements -<br />
CLOSING BALANCE 23,809 23,314<br />
note 7: council created reserves<br />
These are reserves established by <strong>Waiariki</strong> <strong>Institute</strong> <strong>of</strong> <strong>Technology</strong> for a<br />
specific purpose and for which conditions have been imposed by Council.<br />
capital reserve 2006 2005<br />
$000s $000s<br />
Opening Balance 1,000 1,000<br />
CLOSING BALANCE 1,000 1,000<br />
note 8: accounts receivable<br />
2006 2005<br />
$000s $000s<br />
Sundry Debtors including Trade Debtors 722 327<br />
Enrolment Debtors 184 116<br />
Accrued Interest 6 1<br />
912 444<br />
Less: Provision for Doubtful Debts (59) (133)<br />
note 9: investments<br />
853 311<br />
2006 2005<br />
$000s $000s<br />
Bank <strong>of</strong> New Zealand 2,847 53<br />
ASB Bank 546<br />
ANZ Bank 265<br />
TOTAL CURRENT INVESTMENTS 2,847 864<br />
note 10: inventories<br />
Inventories were held in the following areas:<br />
2006 2005<br />
$000s $000s<br />
Sawmill 9 44<br />
Printery 20 35<br />
Tourism and Hospitality 7 10<br />
TOTAL 36 89<br />
2006 ANNUAL REPORT 57
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