FORECAST FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2007
STATEMENT OF ESTIMATED FIXED ASSETS
As at 30 June 2006 and Forecast Fixed Assests as at 30 June 2007
|
ACTUAL
AS AT 30 JUNE 2005 $000 |
ESTIMATED
AS AT 30 JUNE 2006 $000 |
FORECAST
AS AT 30 JUNE 2007 $000 |
| Land | |||
| At cost | - |
- |
- |
| At valuation | 3,753 |
3,753 |
3,753 |
| Land – net current value | 3,753 |
3,753 |
3,753 |
| Buildings | |||
| At cost | - |
- |
- |
| At valuation | 799 |
799 |
799 |
| Accumulated depreciation | (24) |
(29) |
(30) |
| Buildings – net current value | 775 |
770 |
769 |
| Leasehold Improvements | |||
| At cost | 16,099 |
18,389 |
21,299 |
| Accumulated depreciation | (9,902) |
(10,310) |
(10,165) |
| Leasehold Improvements – net current value | 6,197 |
8,079 |
11,134 |
| Specialised Equipment | |||
| At cost | 566 |
880 |
955 |
| Accumulated depreciation | (410) |
(317) |
(368) |
| Specialised Equipment – net current value | 156 |
563 |
587 |
| Furniture and Fittings | |||
| At cost | 4,363 |
4,483 |
4,504 |
| Accumulated depreciation | (3,308) |
(3,995) |
(4,008) |
| Furniture and Fittings – net current value | 1,055 |
488 |
496 |
| Office Equipment | |||
| At cost | 2,091 |
2,181 |
2,181 |
| Accumulated depreciation | (1,558) |
(1,952) |
(1,968) |
| Office Equipment – net current value | 533 |
229 |
213 |
| Computer Equipment | |||
| At cost | 42,436 |
50,822 |
59,698 |
| Accumulated depreciation | (21,847) |
(27,165) |
(26,971) |
| Computer Equipment – net current value | 20,589 |
23,657 |
32,727 |
| Motor Vehicles | |||
| At cost | 6,764 |
6,624 |
6,624 |
| Accumulated depreciation | (2,401) |
(2,730) |
(1,524) |
| Motor Vehicles – net current value | 4,363 |
3,894 |
5,100 |
| Total Fixed Assets | |||
| At cost and valuation | 76,871 |
87,931 |
99,813 |
| Accumulated depreciation | (39,450) |
(46,498) |
(45,034) |
| Total Fixed Assets – net current value | 37,421 |
41,433 |
54,779 |
Land and buildings in Suva were revalued at fair value as at 20 February 2004, by an independent registered valuer, Serupepeli Navuta, of Rolle Hillier Parker. Land and buildings at the Mangere Resettlement Centre in Auckland were revalued at fair value as at 16 February 2004, by an independent registered valuer, Rene McLean of Quotable Value NZ. There were no significant assumptions or limiting conditions set out in the valuation reports.