Model annual report (Kiwi Park School)

The Kiwi Park School model financial statements have been updated for 2012 and show how schools should prepare financial statements that will comply with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).

The Kiwi Park Model annual report is provided by the Ministry of Education to show how schools should prepare financial statements that will comply with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).

All public and private sector entities in New Zealand, including state and state integrated schools, are required to utilise NZ IFRS for annual financial reporting.

Model annual report

These model financial statements are based on a fictitious school called 'Kiwi Park'. The models provide a template for boards to follow and illustrate the required content and suggested presentation of annual financial statements prepared in accordance with NZ IFRS.

Model financial statements

Two models are available to download, one for boards that qualify for differential reporting (over 98% of schools) and one for boards that do not (Non-Differential).

Boards that do not qualify for differential reporting are defined as those that meet any two of the following three criteria:

  • Total revenue (including teacher salaries) is more than $20,000,000
  • Total assets of more than $10,000,000
  • More than 50 full time equivalent paid employees.

If your school meets two of these criteria use the Kiwi Park School model for schools which do not qualify for differential reporting (Non-Differential).

Access the 2013 models

Download the 2013 Kiwi Park School model files appropriate to your school size. See related downloads below.

Other guidance

The Ministry has developed guidance and technical information on a number of related topics to assist schools to prepare their financial statements.

Disclaimer: These documents may have parts that are inaccessible to some users. If you have difficulty accessing these documents please contact: national.enquiries@minedu.govt.nz.



Content last updated: 25 July 2014