56 / 96
52
These financial statements should be read in conjunction with the accompanying notes.
Consolidated
Note
2016
$’000
2015
$’000
ASSETS
Current assets
Cash and cash equivalents
181,010
176,960
Trade and other receivables
9
17,483
13,969
Inventories
10
842
574
Biological assets - livestock
11
3,543
2,492
Non-current assets classified as held for sale
12
181,797
-
Total current assets
384,675
193,995
Non-current assets
Other receivables
96,615
87,163
Other financial assets
14
38,097
37,640
Investments in joint ventures
26
51,273
44,390
Intangible assets
15
22,156
21,039
Biological assets - forestry
11
6,362
5,148
Property, plant and equipment
16
148,405
140,737
Investment properties
17
407,001
581,826
Te Wherowhero title properties
18
70,026
51,891
Total non-current assets
839,935
969,834
Total assets
1,224,610 1,163,829
LIABILITIES
Current liabilities
Trade and other payables
21
23,641
26,487
Interest bearing liabilities
19
209,052
4,460
Other financial liabilities at fair value through surplus or deficit
20
8,747
1,635
Total current liabilities
241,440
32,582
Non-current liabilities
Interest bearing liabilities
19
41,300
263,634
Other financial liabilities at fair value through surplus or deficit
20
1,988
6,051
Total non-current liabilities
43,288
269,685
Total liabilities
284,728
302,267
Net assets
939,882
861,562
EQUITY
Accumulated comprehensive revenue and expenses
8
914,647
837,795
Revaluation reserves
8
15,580
14,344
930,227
852,139
Non-controlling interest
26
9,655
9,423
Total equity
939,882
861,562
WAIKATO RAUPATU LANDS TRUST
Statement of financial position
AS AT 31 MARCH 2016
RAHUI PAPA
Chairman
24 JUNE 2016
RUKUMOANA SCHAAFHAUSEN
Deputy Chairman
24 JUNE 2016