Ātihau Whanganui Incorporation Annual Report 2016

Page 51

Ä€TIHAU-WHANGANUI INCORPORATION NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

5. DEPRECIATION & LOSS ON SALE

Depreciation Loss on sale of property, plant and equipment Total Depreciation & Loss on Sale

2016 $

2015 $

2,368,490

3,478,062

56,824

10,886

2,425,314

3,488,948

2016 $

2015 $

6. OTHER OPERATING EXPENSES

Audit Fees

30,285

28,620

Accountancy, legal and consultancy

581,509

549,773

Administration expenses

369,047

274,730

94,661

99,208

5,580

-

1,081,082

952,331

2016 $

2015 $

Project expenses Other operating expenses Total Operating Expenses

7. EQUITY ACCOUNTED INVESTMENTS

Share of surplus / (deficit) after tax

(750,503)

(693,475)

Revaluations and other movements

836,454

156

85,951

(693,319)

Total increase (decrease) in Equity Accounted Investments

51


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