Christ’s College Canterbury
Notes to the financial statements for the year ended 31 January 2026
Net Surplus to Net Cash Flows from Operating Activities, resulting in the annual movement in CCOBA acceptance deposits of $30,000 being reclassified between Trade and other payables and Income in advance. (c) Presentation of loss on disposal of property, plant and equipment $3,000 of Loss on disposal of property, plant and equipment is now presented separately on the Statement of comprehensive revenue and expense. These amounts were previously included within Other expenses. The presentation has been refined to provide greater clarity over the components of expenses. (d) Presentation of revenue $256,000 of Sponsorship revenue is now presented separately within Note 4 – Revenue. These amounts were previously
presented within Acceptance and registration fees. The presentation has been refined to provide greater clarity over the components of revenue. (e) Presentation of unrealised losses on financial instruments $76,000 of Unrealised losses on financial instruments is now presented separately within Note 9 – Reconciliation of Net Surplus to Net Cash Flows from Operating Activities. These amounts were previously presented in the same note within Other liabilities. The presentation has been refined to provide greater clarity over the components of movements in cash flows.
The reclassifications of comparative information are summarised in the table below:
Original
Adjustment
Restated
2025
2025
2025
($000)
($000)
($000)
Statement of comprehensive revenue and expense: Loss on disposal of property, plant and equipment (c)
–
3
3
Other expenses
(c)
14,172
(3)
14,169
Note 4 – Revenue: Acceptance and registration fees
(d) (d)
603
(256)
347 256
Sponsorship revenue
–
256
Note 6 – Other Expenses: Property expenses
(a)
4,357 2,690
(1,337)
3,020 4,024
Other expenses
(a)&(c)
1,334
Statement of Financial Position: Trade and other payables
(b) (b)
1,391 4,542
490
1,881 4,052
Deferred revenue
(490)
Note 17 – Trade and Other Payables: CCOBA acceptance deposits
(b)
–
490
490
Note 18 – Deferred Revenue: Revenue received in advance of services provided
(b)
4,542
(490)
4,052
Note 9 – Reconciliation of Net Surplus to Net Cash Flows from Operating Activities: Movement in Trade and other payables (b) (381) 30
(351) 2,469
Movement in Income in advance
(b)
2,499
(30)
Unrealised losses on financial instruments
(e) (e)
–
76
76
Other Liabilities
1,537
(76)
1,461
These changes have no impact on the entity’s net assets or net surplus.
25
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