College – Issue 42

Financial update for the year ending 31 January 2022

School Operations $m

Foundation $m

Consolidated Entity $m

Financial Performance

Trading result pre-Foundation allocation

(3.9)

2.9

(1.0)

Foundation distribution to College

3.0

(3.0) (0.1)

0.0

Trading result

(0.9)

(1.0)

One-off gain on property revaluation/sale

7.4

4.7 4.6

12.1 11.1

Surplus for the year

6.5

Consolidated Entity $m

Financial Position

Current assets

Sundry current assets Assets held for sale

2.4

10.8 13.2

Non-current assets Managed Funds

48.4

Investment property

8.4

College property, plant and equipment

70.2 127.0 140.2

Total assets

Current liabilities Loans

1.9 3.3 5.2

Other current liabilities

Non-current liabilities Loans

5.9

Total liabilities

11.1

Equity/Net Assets

129.1

Further details are available on the Charities Services website Annual Return Summary at: www.register.charities.govt.nz Charity reference CC21589, Annual Returns.

130

SUSTAINABILITY

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