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Notes to the Financial Statements
Note 5: Intercompany Accounts
|
Consolidated |
|
University |
|
This Year |
Last Year |
|
This Year |
Last Year |
|
$000 |
$000 |
|
$000 |
$000 |
| University of Waikato Foundation Trust |
- |
- |
|
1 |
88 |
| Student Campus Building Fund Trust |
- |
- |
|
( 551 ) |
( 1,198 ) |
| WaikatoLink Limited |
- |
- |
|
2,227 |
1,020 |
| University of Waikato Research Trust |
- |
- |
|
( 13,639 ) |
( 14,539 ) |
| Total Intercompany Accounts |
- |
- |
|
( 11,962 ) |
( 14,629 ) |
| |
| Current Portion |
- |
- |
|
1,677 |
( 90 ) |
| Non Current Portion |
- |
- |
|
( 13,639 ) |
( 14,539 ) |
| Total Intercompany Accounts |
- |
- |
|
( 11,962 ) |
( 14,629 ) |
The University of Waikato Research Trust was created to provide for the advancement of education and academic research at the University. The accumulated research funds held in University Equity at 31 December 2007 were transferred through the Income Statement to the Research Trust.
All current accounts with the exception of the University of Waikato Research Trust are classified as current. The University of Waikato Research Trust is classified as non-current as the Research Trust trustees are unable to determine the repayment amount, if any, that will be required during the 12 months to December 2009.
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