129.037 Mahitahi Hauora Annual Report 2023-24 v8 - Low Res Spreads - Flipbook - Page 47
30 June 2024 - Notes to the Financial Statements for the Year Ended
7. Expenses (continued)
2024
2023
$
$
(1,173,790)
(1,433,806)
Employee kiwisaver
(89,853)
(110,482)
Repairs and maintenance
(26,462)
(23,006)
(140,068)
(168,761)
(101)
(919)
(178,661)
(186,653)
(83,086)
(42,360)
(535,104)
(416,005)
(2,227,125)
(2,381,992)
2024
2023
$
$
8,281,625
5,113,769
133
99
8,281,758
5,113,868
Administrative costs consist of the following:
Employee remuneration
Depreciation
Note 11
Net loss on sales of property, plant and equipment
Trustees’ fees
Note 18
Audit fees – for audit of 昀椀nancial statements
Other operating expenses
8. Cash and Cash Equivalents
This account consists of the following:
Cash in bank
Cash on hand
Funds totalling $887,251 (2023: $1,072,973) are held on behalf of other parties - see Note 15 and are thus not available for
use by the Trust. There are no other restrictions over any of the cash and cash equivalent balances held by the Trust. Per annum
interest ranges applicable to components of cash and cash equivalents 2.45% - 4.20% (2023: 0.05% - 3.90%).
9. Investments - Short Term Deposits
2024
2023
$
$
2,678,238
1,047,873
2,678,238
1,047,873
Per annum interest rate ranges applicable to components of investments:
4.20% - 6.15%
1.70% - 5.55%
Per annum terms ranges applicable to components of investments:
90 to 270 days
90 to 182 days
ANZ Commercial Term Deposits
47.
