Note 6: Other expenses
Te Motu Regional Economic Development Trust: Model financial statements 2008/09.
Note 5: Finance costs
Other expenses12
| NZ IAS 1.103(c) | Actual 2009 |
Actual 2008 |
|
|---|---|---|---|
| Fees to auditor: | |||
| NZ IAS 1 NZ 94.1 (a)(i) |
|
20,500 | 15,000 |
| NZ IAS 1 NZ 94.1 (a)(ii) |
|
4,500 | 4,200 |
| NZ IAS 1 NZ 94.2 | Donations14 | 1,000 | 1,000 |
| NZ IFRS 7.20(e) | Impairment of receivables (note 8) | 24,901 | 42,832 |
| NZ IAS 38.126 | Website development expenses | 1,620 | 1,879 |
| Other expenses | 56,434 | 45,836 | |
| Total other expenses | 108,955 | 110,747 | |
| NZ IAS 1 NZ 94.1 (a)(ii) | The auditor completed an assurance engagement over the Trust’s compliance with FBT and GST requirements. | ||
12: NZ IAS 1.86 requires that when items of expense and income are material, their nature and amount shall be disclosed separately.
13: NZ IAS 1 NZ 94.1 requires the nature of the services to be disclosed for assurance and related services, tax services, and all other non-audit services provided by the auditor.
14: In the context of reporting by a Trust, donations are interpreted as per their common usage, that is, discretionary charitable gifts, and should exclude any grants made in terms of a Trust's normal funding programme that seek to achieve the objectives of the Trust.
