Showing posts under "Accounting"

Financial Adviser Changes – Select Committee Report Released

Dated: February 11, 2019

Released during August 2018, the Economic Development, Science and Innovation Committee released its eagerly awaited Report on the Financial Services Legislation Amendment Bill (FSLAB). The Select Committee’s report is lengthy, with a range of amendments recommended. Whilst the changes do not amount to a complete re-write of the FSLAB, there are several key areas industryContinue reading 

Purchase price allocation

Dated: December 19, 2017

An important but often overlooked area of any acquisition is the purchase price allocation (PPA) clause in the sale and purchase agreement. The PPA reflects the agreement on how the consideration paid for the assets acquired (including intangible assets) and liabilities assumed will be allocated. In addition to providing a “day one” balance sheet forContinue reading 

Fonterra Co-operative Support loan update

Dated: June 22, 2017

In 2015 when milk prices were low, Fonterra offered its shareholders a support loan to provide assistance through what was a tough period.  Although it wasn’t compulsory to take up the loan, the loan provided 50 cents for every kgMS produced from 1 June – 31 December 2015 for any share-backed Fonterra supplier as atContinue reading 

It’s show season

Dated: November 15, 2016

Whether it is a boat and caravan show, a home and garden show, or a local flower show, if you are involved in these events you will be all too aware that ’tis the season.  If you have a stall or an entry in these events, you may want to use this as an opportunityContinue reading 

School fairs and donations

Dated: November 15, 2016

As the school year nears to a close, school fairs are in full swing. As a parent, you will no doubt be tirelessly working to raise funds through the school fair to assist the school and your children, to cover the cost of school trips and events.  You will have already sold wraps and cheeseContinue reading