Triathlon New Zealand Annual Report 2025 - Flipbook - Page 48
Notes to the Performance Report
2025
2024
9. Goods or Services in Kind Provided to the Entity
Suzuki - Vehicles
108,504
99,388
Asics - Shoes for prizes and giveaways
30,435
27,239
-
18,225
TrainingPeaks - Coach and Athlete online training platform
2XU - Team wear and spot prizes
39,792
33,936
Z3R0D - Elite Race Suit Provision
20,251
30,875
Total Goods or Services in Kind Provided to the Entity
198,981
209,663
2025
2024
34,213
-
10. Related Parties
Expenses
Maris Holt / Maris Holt Consulting
11. Events After the Balance Date
In March 2026, Triathlon NZ was awarded an additional $190,000 of funding from High Performance Sport NZ towards the
continued development of its High Performance athletes in the build up to the LA games in 2028. (31 December 2024: $nil).
12. Ability to Continue Operating
These financial statements have been prepared using the going concern assumption. The continued success of Triathlon New
Zealand Incorporated is dependent on on-going support from funding bodies, including Sport New Zealand and other sponsors.
Triathlon New Zealand maintains annual membership fees to support financial sustainability.
Funding continues to be provided by Sports NZ, with the current contract expiry due in December 2028. Accordingly, the Board
consider the use of the going concern assumption in the preparation of these financial statements to be appropriate.
13. Comparatives
The comparative figures covers the 12 month period ended 31 December 2025.
Exchange rates used to convert foreign currency into NZD are shown below. Rates are provided by XE.com unless otherwise
stated.
• 31 Dec 2025
0.862723 AUD (Australian Dollar)
0.457551 CHF (Swiss Franc)
0.491372 EUR (Euro)
0.576671 USD (United States Dollar)
• 31 Dec 2024
0.905131 AUD (Australian Dollar)
0.508773 CHF (Swiss Franc)
0.540185 EUR (Euro)
0.562920 USD (United States Dollar)
Performance Report
Triathlon New Zealand Incorporated
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