Note 26: Reclassification of expenditure
Te Motu Regional Economic Development Trust: Model financial statements 2008/09.
Reclassification of expenditure
| NZ IAS 1.38 | In previous years advertising and marketing costs have been included in other expenses in the statement of financial performance. |
| This year these costs have been shown separately on the face of the statement of financial performance. As a result $369,351 of advertising and marketing costs have been reclassified from other expenses to advertising and marketing costs in the 2007/08 comparative information. | |
| This change has been made to align the presentation of the financial statements with the Trusts 2008/09 statement of intent budget figures and reflects the growing proportion of costs associated with advertising and marketing that the Trust incurs. |
Note 25: Financial instrument risks
