Note 3
Personnel costs
Model Financial Statements: Te Motu Regional Economic Development Trust 2010/11
| NZ IAS 1.112(c) | Actual 2011 |
Actual 2010 |
|
|---|---|---|---|
| Salaries and wages | 902,578 | 799,775 | |
| NZ IAS 19.46 | Defined contribution plan employer contributions | 23,400 | 21,250 |
| Increase/(decrease) in employee entitlements | 3,120 | 2,824 | |
| Total personnel costs | 929,098 | 823,849 | |
| Employer contributions to defined contribution plans include contributions to KiwiSaver. | |||
