Hoea ra - Ngāti Kahungunu Iwi Incorporated

Statement of Financial PositionAS AT 30 JUNE 2010ConsolidatedParent2010 2009 2010 2009$ $ $ $ASSETSNON CURRENT ASSETSMotor vehicles & plant 7 210,137 133,826 207,437 129,980Quota 8 26,730,371 9,796,871 - -Investments & advances 9 20,847,070 20,847,070 2,218,485 1,218,485Total Non Current Assets 47,787,578 30,777,767 2,425,922 1,348,465CURRENT ASSETSBank and cash 10 10,884,345 9,173,533 4,952,575 4,352,945Debtors 40,340 273,432 66,452 323,413Investments & advances 9 - - - 1,000,000Prepayments - 11,386 - 11,386Stock on hand 11 460 2,000 460 2,000Settlement quota receivable 12 - - 1,617,057 -Accrued income 571,002 235,647 118,914 109,388Total Current Assets 11,496,147 9,695,998 6,755,458 5,799,132TOTAL ASSETS 59,283,725 40,473,765 9,181,380 7,147,597LIABILITIESNON CURRENT LIABILITIESVehicle lease 13 44,350 - 44,350 -Total Non Current liabilities 44,350 - 44,350 -CURRENT LIABILITIESCreditors 375,038 467,786 239,029 312,480Provisions 14 4,275,501 2,506,252 4,275,501 2,506,253Vehicle lease within 1 year 13 44,350 16,650 44,350 16,650Taiwhenua/Tauraheregrants payable 5 45,429 45,429 45,429 45,429Income in advance 269,867 268,512 269,867 268,512Total Current liabilities 5,010,185 3,304,629 4,874,176 3,149,324TOTAL LIABILITIES 5,054,535 3,304,629 4,918,526 3,149,324EQUITYRetained earnings 6 6,361,468 4,983,072 3,053,287 2,952,159Reserve fund 6 1,209,567 1,046,113 1,209,567 1,046,113Fisheries Asset Settlement 6 46,658,155 31,139,951 - -TOTAL EQUITY 54,229,190 37,169,136 4,262,854 3,998,272TOTAL LIABILITIES AND EQUITY 59,283,725 40,473,765 9,181,380 7,147,597These financial statements were authorised for issue by the board on 15 October 2010.Chairman - Ngähiwi TomoanaBoard Representative - Rill MeihanaThese financial statements must be read in conjunction with the accompanying notesPage 18