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 |
|
|
|
Last reviewed: Has this been useful? Give us your feedback