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Annual Report for the Year Ended 30 June 2007

Statement of Financial Position as at 30 June 2007

The Statement of Financial Position shows the major classes of assets and major classes of liabilities and equity of Te Puni Kōkiri. The difference between the assets and liabilities is the taxpayers’ funds (net assets).

30-Jun-06 Actual $000s		Note	30-Jun-07 Actual $000s	30-Jun-07 Main Estimates $000s	30-Jun-07 Supp Estimates $000s
4,835	TAXPAYERS’ FUNDS		4,835	4,835	4,835
	Represented by:
	ASSETS
	CURRENT ASSETS
8,325	Cash		9,015	5,249	5,868
225	Prepayments		316	200	200
269	Short term receivables & advances		439	50	50
8,819	Total Current Assets		9,770	5,499	6,118
	NON-CURRENT ASSETS
4,066	Physical assets	5	3,462	3,647	3,534
4,066	Total Non-current Assets		3,462	3,647	3,534
12,885	Total Assets		13,232	9,146	9,652
	LIABILITIES
	CURRENT LIABILITIES
5,569	Creditors & Payables	6	5,536	2,510	3,151
626	Provision for repayment of surplus		866	0	0
1,848	Employee Entitlements	7	1,988	1,794	1,500
8,043	Total Current Liabilities		8,390	4,304	4,651
	NON-CURRENT LIABILITIES
7	Employee Entitlements	7	7	7	166
8,050	Total Liabilities		8,397	4,311	4,817
4,835	Net Assets		4,835	4,835	4,835

The accompanying accounting policies and notes form part of these Financial Statements.

For information on major variances against budget refer Note 9: Explanation for Significant Variances.