Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology
Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology
Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology
- No tags were found...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Fair valueThe fair value <strong>of</strong> financial instruments approximates their carrying amount recorded in the Balance Sheet.Liquidity risk<strong>Wellington</strong> <strong>Institute</strong> <strong>of</strong> <strong>Technology</strong> manages liquidity risk by maintaining adequate reserves to ensure the provision <strong>of</strong> educational servicesfor the foreseeable future. This is achieved through continuously monitoring and forecasting cash flows for the medium term. Themaximisation <strong>of</strong> operational inflows and efficient management <strong>of</strong> operational and investing outflows ensures sufficient cash reserves aremaintained.26. RELATED PARTY DISCLOSURESDetails <strong>of</strong> key management personnel remuneration are disclosed in note 5 to the financial statements.27. CHANGES IN ACCOUNTING ESTIMATESThere have been no changes in accounting estimates during the period.FINANCIAL STATEMENTS28. EVENTS AFTER BALANCE DATENo events have occurred since 31 December <strong>2009</strong> that would materially affect <strong>Wellington</strong> <strong>Institute</strong> <strong>of</strong> <strong>Technology</strong>’s financial statements.WELLINGTON INSTITUTE OF TECHNOLOGY | <strong>2009</strong> ANNUAL REPORT47
Change language