✨ Financial Statements
THE NEW ZEALAND GAZETTE
No. 193
Term Liabilities:
Mortgages (secured)
| 500,000 | 98,000 |
|---|
Other Liabilities:
Provision for deferred taxation .. 4 (b) | 692,844 | 445,519 |
Reserves:
Retained earnings
Property revaluation reserve | 4,580,812 | 4,103,755 |
| 2,517,430 | -- |
| 7,098,242 | 4,103,755 |
Total Equity:
| $194,293,446 | $166,459,217 |The notes to the accounts form part of and are to be read in conjunction with this balance sheet.
REVENUE STATEMENT FOR THE YEAR ENDED 31 MARCH 1985
| Income: | 1985 | $ | 1984 | $ |
|---|---|---|---|---|
| Interest: | ||||
| Government securities | 7,307,400 | 6,074,637 | ||
| Local authority securities | 16,707 | 15,726 | ||
| Mortgages and term loans | 10,853,050 | 10,287,058 | ||
| Personal lending | 969,043 | 788,573 | ||
| Cash resources | 1,521,870 | 1,508,248 | ||
| Other investments | 1,576,809 | 22,244,879 | -- | 20,672,242 |
| Rents, commissions, fees, etc. | 887,411 | 23,132,290 | 797,525 | 20,534,019 |
| Less Expenditure: | | | | |
| Interest to depositors | 14,804,255 | | 12,550,321 | |
| Administration expenses | 6,967,982 | | 5,719,714 | |
| Depreciation (note 1) | 296,306 | | 276,389 | |
| Audit fees | 19,720 | | 16,723 | |
| Trustees' honoraria | 27,472 | 22,166,019| 28,152 | 18,608,740|
| Net loss on disposal of investment securities | 50,284 | | 17,441 | |
| Net operating profit before taxation | | 966,271 | | 1,925,279 |
| Less provision for taxation (note 4 (a)) | 448,508 | | 858,288 |
| Share of profit associate company (note B) | 517,763 | 34,294 |
| Net profit after tax including results of associate company | 552,057 | 1,096,642 |
| Less prior year taxation adjustment | | 7,701 |
| | 552,057 | 1,088,941 |
| Less provision for donations | 75,000 | 100,000 |
| | 477,057 | 988,941 |
| Add retained earnings brought forward | 4,103,755 | 3,114,814 |
| Retained earnings as at 31 March | $4,580,812 | $4,103,755 |
The notes to the accounts form part of and are to be read in conjunction with this revenue statement.
STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 1985
Funds Were Received From:
| $ | |
|---|---|
| Net profit for year | 552,057 |
| Adjustments for items not involving movement of funds: | |
| Depreciation | 276,306 |
| Other | 4,852 |
| 301,158 | |
| Increase in depositors' funds | 853,215 |
| Investment repayments: | |
| Government securities | 8,820,457 |
| Local authority securities | 15,828 |
| Mortgages | 17,178,186 |
| Personal lending | 3,300,844 |
| Increase in term liabilities | 29,315,315 |
| Deferred taxation | 394,000 |
| 247,325 | |
| $53,959,724 |
These funds were applied to:
| Investments | |
| Government securities | 14,648,121 |
| Local authority securities | 24,000 |
| Mortgages | 22,771,000 |
| Personal lending | 5,358,000 |
| Other lending (net) | 3,109,908 |
| Associate company | 504,294 |
| Donations | 100,000 |
| Net capital expenditure | 2,751,628 |
| Increase in working capital | 4,692,773 |
| | $53,959,724|
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VUW Te Waharoa —
NZ Gazette 1985, No 193
NZLII —
NZ Gazette 1985, No 193
✨ LLM interpretation of page content
💰
Balance Sheet of Trusteebank Bay of Plenty as at 31 March 1985
(continued from previous page)
💰 Finance & RevenueBalance Sheet, Financial Statement, Trusteebank Bay of Plenty, Term Liabilities, Mortgages, Reserves, Equity
💰 Revenue Statement for the Year Ended 31 March 1985
💰 Finance & RevenueRevenue Statement, Income, Expenditure, Interest, Rents, Commissions, Fees, Taxation, Net Profit
💰 Statement of Changes in Financial Position for the Year Ended 31 March 1985
💰 Finance & RevenueFinancial Position, Funds Received, Investments, Depositors' Funds, Term Liabilities, Capital Expenditure