- - Surplus/(Deficit)* X X - - Distributions paid to owners* - X - Transfer to Reserves* (X) X X - Transfer from Reserves* X (X) X Total XXX XX XX XX Breakdown of Reserves Actual* Actual* This Year Last Year $000 $000 Name* Nature and Purpose* Development fund Funds held in the Coaching Development Fund have been XX XX set aside for the coaching development expo to be held in 2017. Burt and Ernie legacy fund In 2002, Burt and Ernie bequeathed X,XXX,XXX to XX XX Sporting NZ Inc. The funds are held in reserve with income generated applied to the tiddlywinks high performance program. Deferred maintenance reserve The deferred maintenance reserve was established to set XX XX aside funds to re-pile to Wellington Clubhouse. This work is expected to occur in 2018. XXX XXX Sporting NZ Inc. Notes to the Performance Report For the Year ended 31 March 2016 Note 6 - Commitments and contingencies At Reporting At Reporting date date This Year Last Year Commitments to lease or rent assets * $000 $000 Future vehicle operating lease payments (48 month lease) XX XX Future photocopier operating lease payments (36 month lease) XX XX Office Rental (lease to March 2019) XX XX Commitment to purchase property, plant and equipment* Purchase of 1 Sesame Street (contract signed, settlement in April 2016) XX - Refurbishment of rehabilitation facilities (contract signed) XX - Contract signed to purchase video analysis equipment not yet supplied - XX Commitments to provide loans or grants* High performance funding (3 year contract commencing 2015) XX XX Kiwi sport funding (ongoing funding contract) XX XX Community grants (committed to, but not paid) XX XX Contingent liability* Pending legal action relating to employee dispute. XX - Guarantees provided* Acting as guarantor on Tiddywinks Associations borrowing. XX XX
Surplus/(Deficit)* - X - X Distributions paid to owners* - - - X Transfer to Reserves* - (X) X X Transfer from Reserves* - X (X) X Total XXX XX XX XX Breakdown of Reserves Actual* This Year $000 Actual* Last Year $000 Name* Nature and Purpose* Development fund Funds held in the Coaching Development Fund have been set aside for the coaching development expo to be held in 2017. XX XX Burt and Ernie legacy fund In 2002, Burt and Ernie bequeathed X,XXX,XXX to Sporting NZ Inc. The funds are held in reserve with income generated applied to the tiddlywinks high performance program. XX XX Deferred maintenance reserve The deferred maintenance reserve was established to set aside funds to re-pile to Wellington Clubhouse. This work is expected to occur in 2018. XX XX XXX XXX Sporting NZ Inc. Notes to the Performance Report For the Year ended 31 March 2016 Note 6 - Commitments and contingencies At Reporting date This Year At Reporting date Last Year Commitments to lease or rent assets * $000 $000 Future vehicle operating lease payments (48 month lease) XX XX Future photocopier operating lease payments (36 month lease) XX XX Office Rental (lease to March 2019) XX XX Commitment to purchase property, plant and equipment* Purchase of 1 Sesame Street (contract signed, settlement in April 2016) XX - Refurbishment of rehabilitation facilities (contract signed) XX - Contract signed to purchase video analysis equipment not yet supplied - XX Commitments to provide loans or grants* High performance funding (3 year contract commencing 2015) XX XX Kiwi sport funding (ongoing funding contract) XX XX Community grants (committed to, but not paid) XX XX Contingent liability* Pending legal action relating to employee dispute. XX - Guarantees provided* Acting as guarantor on Tiddywinks Associations borrowing. XX XX