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Note 11: Property, plant and equipment

Te Motu Regional Economic Development Trust: Model financial statements 2008/09.

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Property, plant and equipment

NZ IAS 16.7315
Furniture and fittings Computer
equipment		 Motor
vehicles		 Total

Cost




Balance at 1 July 2007 155,800 84,800 229,744 470,344

Additions 40,200 5,000 0 45,200

Disposals (33,000) (18,000) 0 (51,000)

Balance at 30 June 2008 163,000 71,800 229,744 464,544







Balance at 1 July 2008 163,000 71,800 229,744 464,544

Additions 23,200 10,000 0 33,200

Disposals 0 0 (83,884) (83,884)

Balance at 30 June 2009 186,200 81,800 145,860 413,860







Accumulated depreciation and impairment losses




Balance at 1 July 2007 108,540 58,660 70,000 237,200

Depreciation expense 15,200 15,520 41,000 71,720

Impairment losses 0 0 0 0

Disposals (33,000) (18,920) 0 (51,920)

Balance at 30 June 2008 90,740 55,260 111,000 257,000







Balance at 1 July 2008 90,740 55,260 111,000 257,000

Depreciation expense 14,702 15,221 38,000 67,923

Impairment losses 0 0 0 0

Disposals 0 (35,407) (81,400) (116,807)

Balance at 30 June 2009 105,442 35,074 67,600 208,116







Carrying amounts




At 1 July 2007 47,260 26,140 159,744 233,144

At 30 June and 1 July 2008 72,260 16,540 118,744 207,544

At 30 June 2009 80,758 46,726 78,260 205,744


NZ IAS 16.74(a) There are no restrictions over the title of the Trust’s property, plant equipment, nor is any property, plant and equipment pledged as security for liabilities.

15: This is just one way of presenting the reconciliation required by NZ IAS 16. An alternative presentation can be found in Note 17 of the Local Government Model Financial Statements.

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