Model Liquidation Statement
The Kiwi Park Primary School Model illustrates the suggested format and content of schools model liquidation statement.
Model Liquidation Statement
Kiwi Park Primary School
Statement of Movements in Equity
As at 31 July 2009
|
|
Notes |
$ |
|
Public Equity at 31 December 2008 |
|
111,189 |
|
Interest Earnings |
|
1,720 |
|
Sundry |
|
116 |
|
|
|
1,836 |
|
|
|
|
|
Less: |
|
|
|
Liquidation costs |
1 |
(7,881) |
|
Fixed Asset Dispersal |
2 |
(44,292) |
|
Cash Dispersal |
3 |
(47,148) |
|
Depreciation (1.1.09 to 30.6.09) 6 mths |
|
(13,704) |
|
|
|
(113,025) |
|
|
|
|
|
|
|
$0 |
Kiwi Park Primary School
Statement of Financial Position
As at 31 July 2009
|
|
31.7.09 |
|
31.12.08 |
|
|
$ |
|
$ |
|
Public Equity |
$0 |
|
111,189 |
|
|
|
|
|
|
Current Assets |
|
|
|
|
Cash and deposits |
0 |
|
59,185 |
|
Receivables |
0 |
|
4,308 |
|
Fixed assets |
0 |
|
57,996 |
|
|
0 |
|
121,489 |
|
Current Liabilities |
|
|
|
|
Payables |
0 |
|
10,300 |
|
|
0 |
|
10,300 |
|
|
|
|
|
|
Working capital surplus |
0 |
|
111,189 |
|
|
|
|
|
|
Net assets |
$0 |
|
$111,189 |
Kiwi Park Primary School
Notes to the Statements
For the Period Ended 31 July 2009
|
|
$ |
|
1. Liquidation costs |
|
|
Audit Fees |
1,150 |
|
Residual Agent Fees |
4,000 |
|
Site Clearance/Cleaning |
2,378 |
|
Repairs & Maintenance |
153 |
|
Water Account (final) |
114 |
|
ACC Levies |
50 |
|
Sundry |
36 |
|
|
$7,881 |
|
|
|
|
2. Fixed asset dispersal to Kiwi Park Secondary School (net book values) |
|
|
Computers |
6,145 |
|
Photocopiers |
6,295 |
|
Leasehold Improvements (to the ministry) |
31,852 |
|
|
$44,292 |
|
|
|
|
3. Cash dispersal |
|
|
Kiwi Park Secondary School (interim 1.01.09) |
25,198 |
|
(final 31.08.09) |
12,262 |
|
Ministry (interim 1.01.09) |
7,000 |
|
(final 31.08.09) |
2,688 |
|
|
$47,148 |