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Notes to the financial statements |
For the year ended 31 December 2022
22. Events after the balance date
There are two events after balance date (2021: two).
Beginning on Friday 27 January 2023 New Zealand experienced catastrophic flooding events with Auckland being the most severely affected. Damage to the main Auckland campus in Māngere was significant and resulted in the closure of the main delivery site and Early Learning Centre for an extended period for clean-up and repairs. 2022 Semester B classes will be delivered online for the remainder of the programme. 2023 Semester A classes planned for delivery at Māngere Campus (excluding Dynaspeak) will also be delivered online or at alternate locations. The full impact of the event on operations and delivery is still being assessed and worked through.
On Tuesday 14 February 2023 a national state of emergency was declared due to Cyclone Gabrielle. This has been recorded as the worst tropical cyclone to hit New Zealand since 1968 with many areas of the country significantly affected. Damage to Te Wānanga o Aotearoa properties was minor however, impacts to local services and infrastructure in Whirikoka and Heretaunga has been significant potentially impacted kaimahi and tauira. The impact on our delivery in these areas is still being assessed and worked through.