Rangatira Annual Report 2023 - Flipbook - Page 46
46
R anga tira Annua l Rep or t 2 0 2 3
Rangatira Group
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2023
Note 3 Other Income
Other gains/losses on the sale of investments and property, plant and equipment are recognised when the risks and rewards have
transferred to the acquirer.
2023
2022
$000
$000
Gain on disposal of investments
-
24
16,161
3
39
375
Change in fair value of financial assets classified as fair value through profit or loss
(314)
(958)
Other
1,326
881
17,212
325
2023
$000
*Restated
2022
$000
980
861
Share-based payments expense
183
-
Kiwisaver employer contributions
896
523
48,413
30,503
50,472
31,887
362
334
85
5
37
33
484
372
Other expenses
21,188
12,004
Total operating expenses
21,672
12,376
Gain/(loss) on disposal of property
Government Grants
Total other income
Note 4 Other Expenses
Profit before tax has been arrived at after charging the following expenses:
Employee benefit expense:
Defined contribution plans
Other employee benefits
(I)
(II)
Total employee benefit expenses
Fees paid to auditors:
Audit of the financial statements - group auditors
Audit of the financial statements - subsidiaries
Other non-audit services
(III)
Total fees paid to auditors
(I) Compulsory Australian superannuation payments.
(II) The difference from 2022 to 2023 is largely due to acquisitions and no covid related wage subsidies on 2023.
(III) Subsidiaries received taxation advice.