Note 27: Capital management
Te Motu Regional Economic Development Trust: Model financial statements 2008/09.
Capital management
| NZ IAS 1.124A | The Trust’s capital is its equity, which comprises Trust capital and retained surpluses. Equity is represented by net assets. |
| The Trust deed requires the Board of Trustees to manage its revenues, expenses, assets, liabilities, investments, and general financial dealings prudently. The Trust’s equity is largely managed as a by-product of managing revenues, expenses, assets, liabilities, investments, and general financial dealings. | |
| The objective of managing the Trust’s equity is to ensure the Trust effectively achieves its objectives and purpose, whilst remaining a going concern. |
Note 26: Reclassification of expenditure
Note 28: Explanation of significant variances against budget
