Note 11

Property, plant and equipment¹⁷

Model Financial Statements: Te Motu Regional Economic Development Trust 2010/11

NZ IAS 16.73		Furniture and fittings	Computer equipment	Motor vehicles	Total
	Cost
	Balance at 1 July 2009	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 2010	163,000	71,800	229,744	464,544

	Balance at 1 July 2010	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 2011	186,200	81,800	145,860	413,860

	Accumulated depreciation and impairment losses
	Balance at 1 July 2009	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 2010	90,740	55,260	111,000	257,000

	Balance at 1 July 2010	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 2011	105,442	35,074	67,600	208,116

	Carrying amounts
	At 1 July 2009	47,260	26,140	159,744	233,144
	At 30 June and 1 July 2010	72,260	16,540	118,744	207,544
	At 30 June 2011	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, and equipment; nor is any pledged as security for liabilities.

17: This is just one way of presenting the reconciliation required by NZ IAS 16 Property, Plant and Equipment.

page top