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2007 Annual Report

NOTE 8   FINANCIAL ASSETS

		2007 $000's	2006 $000's
Loans and Receivables
Current
Cash and cash equivalents		95	1,455
Term deposits		1,950	-
Interest receivable – other		113	5
GST receivable		60	49
Trade and other receivables		131	320
Cash and cash equivalents – litigation fund		183	619
Term deposits – litigation fund		575	-
Interest receivable – litigation fund		30	2
Total loans and receivables		3,137	2,450

NOTE 9   INCOME FROM FINANCIAL ASSETS

		2007 $000's	2006 $000's
Loans and Receivables
Interest – other		191	118
Interest – litigation fund		49	37
Total interest income from loans and receivables		240	155

NOTE 10   TRADE AND OTHER RECEIVABLES

		2007 $000's	2006 $000's
Trade receivables		51	69
Receivables from the Crown		80	252
Interest receivable		143	6
		274	327

The status of trade and other receivables as at 30 June 2007 is as follows:

	Total $000's	Not past due $000's	Up to 30 days past due $000’s	Over to 30 days past due $000’s
2007
Gross receivables	274	249	7	18
Impairment	-	-	-	-
	274	249	7	18
2006
Gross receivables	327	280	28	19
Impairment	-	-	-	-
	327	280	28	19

NOTE 11 PROPERTY, PLANT AND EQUIPMENT

	Office equipment $000's	Office furniture $000's	Leasehold improvements $000's	Library $000's	Motor vehicle $000's	Total $000's
At 1 July 2006
Net of accumulated depreciation	203	225	913	171	42	1,554
Additions	45	6	17	30	-	98
Disposals	-	-	-	-	-	-
Depreciation charge for the year	(128)	(46)	(140)	(18)	(13)	(345)
At 30 June 2007, net of accumulated depreciation	120	185	790	183	29	1,307
At 30 June 2006
Cost	748	437	1,251	207	64	2,707
Accumulated depreciation	(545)	(212)	(338)	(36)	(22)	(1,153)
Net book value	203	225	913	171	42	1,554
At 30 June 2007
Cost	793	443	1,268	237	64	2,805
Accumulated depreciation	(673)	(258)	(478)	(54)	(35)	(1,498)
Net book value	120	185	790	183	29	1,307
At 1 July 2005
Net of accumulated depreciation	267	280	1,052	168	55	1,822
Additions	115	2	-	21	-	138
Disposals	-	-	-	-	-	-
Depreciation charge for the year	(179)	(57)	(139)	(18)	(13)	(406)
At 30 June 2006, net of accumulated depreciation	203	225	913	171	42	1,554
At 30 June 2005
Cost	687	435	1,251	185	64	2,622
Accumulated depreciation	(420)	(155)	(199)	(17)	(9)	(800)
Net book value	267	280	1,052	168	55	1,822
At 30 June 2006
Cost	748	437	1,251	207	64	2,707
Accumulated depreciation	(545)	(212)	(338)	(36)	(22)	(1,153)
Net book value	203	225	913	171	42	1,554

Included as part of cost for library collections is deemed cost of $155,754 which was the fair value of the library
collection as at 1 July 2004 that was taken as deemed cost under the election option in NZ IFRS 1.
Disposals above are nil because the assets disposed during the year were for items that were fully depreciated.

NOTE 12 COMPUTER SOFTWARE

		2007 $000's	2006 $000's
Gross carrying amount		124	110
Accumulated amortisation		(96)	(77)
Net carrying amount		28	33
		2007 $000's	2006 $000's
Opening accumulated amortisation		(77)	(54)
Amortisation		(19)	(23)
Closing accumulated amortisation		(96)	(77)
		2007 $000's	2006 $000's
Opening net carrying amount		33	30
Additions		14	26
Amortisation		(19)	(23)
Closing net carrying amount		28	33

NOTE 13 TRADE AND OTHER PAYABLES

		2007 $000's	2006 $000's
Trade payables		266	286
Employee entitlements		123	111
		389	397