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.
<< Note 22: Borrowings | Table of contents | Note 24: Reconciliation of the Net Surplus/(Deficit) to the Net Cash Flows from Operating Activities >> |