Model liquidation statement - Kiwi Park Primary School

The Kiwi Park Primary School model liquidation statement illustrates the suggested format and content for a school’s:

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 months

 

(13,704)

 

 

(113,025)

 

 

$0

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

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 1.1.09)

25,198

(final 31.08.09)

12,262

Ministry (interim 1.1.09)

7,000

(final 31.08.09)

2,688

 

$47,148

 

 

 

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