Notes to the Financial Statements 

Note 23: General Equity

Consolidated University
This Year Last Year This Year Last Year
$000 $000 $000 $000
Opening Balance 172,687 174,489 155,265 154,179
 
Net Surplus/(Deficit) 10,741 (1,671) 8,970 1,220
Staff Share Options Issued 91 - - -
Associate prior year gains/losses reversed on share buy back 30 - - -
less appropriations of net surplus to:  
Restricted Reserves  
  Prizes, Scholarships and Trust Funds (801) (939) (801) (939)
Surplus /(Deficit) attributable to Minority Interest 16 3 - -
plus transfers from  
Restricted Reserves  
  Prizes, Scholarships and Trust Funds 895 805   895 805
Closing Balance 183,659 172,687 164,330 155,265

During 2008 Khipu Systems Ltd, a subsidiary of WaikatoLink, established a share option programme that entitles key personnel to purchase shares in the company. In accordance with this programme options are exercisable at the market price of the shares at the date of grant. During the 2009 year $90,827 of options were exercised.



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