Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology

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Statement of Changes in EquityFor the year ended 31 December 2009Note 2009 2009 2008Actual Budget Actual$000 $000 $000Balance at 1 January 59,966 57,744 54,877Total comprehensive income 4,133 1,543 4,704Crown Equity Injection 15 - - 385Balance at 31 December 64,099 59,287 59,966FINANCIAL STATEMENTSWELLINGTON INSTITUTE OF TECHNOLOGY | 2009 ANNUAL REPORT35
Balance SheetAs at 31 December 2009Note 2009 2009 2008Actual Budget Actual$000 $000 $000Current assetsCash and cash equivalents 11,992 4,730 6,077Trade and other receivables 6 5,705 4,054 5,181FINANCIAL STATEMENTSInvestments 8 - - 4,150Inventory 7 177 8 33Prepayments 11 11 33Total current assets 17,885 8,803 15,474Non-current assetsProperty, plant and equipment 9 58,820 62,777 55,353Intangible assets 10 673 1,485 1,040Total non-current assets 59,493 64,262 56,393Total assets 77,378 73,065 71,867Current liabilitiesTrade and other payables 11 3,787 3,568 4,243Borrowings - 3,650 -Provisions 13 2,081 2,040 2,046Other financial liabilities 12 6,234 3,538 4,515Total current liabilities 12,102 12,796 10,804Non-current liabilitiesProvisions 14 1,166 976 1,087Other 11 6 10Total non-current liabilities 1,177 982 1,097Total liabilities 13,279 13,778 11,901Net assets 64,099 59,287 59,966EquityCrown equity 15 38,832 38,862 38,832Retained earnings 16 3,816 2,886 69Reserves 17 21,451 17,539 21,065Total equity 64,099 59,287 59,96636WELLINGTON INSTITUTE OF TECHNOLOGY | 2009 ANNUAL REPORT
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Page 6 and 7: In August, the Government introduce
Page 10 and 11: STUDENT SUCCESSThe Tertiary Educati
Page 13 and 14: Advisory Committees 2009ADVISORY CO
Page 15 and 16: STATEMENT OF OBJECTIVES AND SERVICE
Page 27 and 28: Wellington Institute of TechnologyS
Page 29 and 30: Impairment of AssetsAt each reporti
Page 31 and 32: DepreciationDepreciation has been p
Page 33: Income StatementFor the year ended
Page 37 and 38: Notes to the Financial Statements20
Page 39 and 40: 2009 2009 2008Actual Budget Actual$
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Page 43 and 44: Section (a) reconciles the reported
Page 45 and 46: 23. LEASES(a) Leasing arrangementsW
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Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology

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