New Zealand Gazette – 1986 – No. 138

Page 3766

✨ Financial Statements and Publications



3766
THE NEW ZEALAND GAZETTE
No. 138

  1. Government and Local Authority Securities:
Government 1986 $ Government 1985 $ Local Authority 1986 $ Local Authority 1985 $
Face value at 31 March 24,756,000 27,566,000 404,800 295,000
Less unamortised premiums and discounts 1,095,063 1,189,787 - -
Book value $23,660,937 $26,376,213 $304,800 $295,000
Cost price $24,691,243 $26,219,097 $304,800 $295,000
Market value $20,635,637 $23,383,394 $258,768 $264,505

The Government Guarantee of Depositors’ Fund including accrued interest in terms of section 44 of the Trusteebanks Act 1983 and subsequent amendments was in force at balance date and continues to remain in force. However, the requirement to hold New Zealand Government Stocks pursuant to the same act was removed on 11 February 1985.

  1. Fixed Assets:
90% of Valuation Cost $ Accumulated Depreciation $ Book Value 1986 $ Book Value 1985 $
Land 566,672 - - 566,672 136,438
Buildings 830,748 - 80,720 750,028 537,968
Furniture and equipment, computers and motor vehicles - 1,250,718 833,740 416,978 590,561
$1,397,420 $1,250,718 $914,460 $1,733,678 $1,264,967

STATEMENT OF CHANGES IN FINANCIAL POSITION

1986 $ 1985 $
Fund were provided from:
Depositors 10,483,782 8,649,612
Operations:
- profit after taxation 419,783 401,235
- depreciation 225,161 153,857
- prior year taxation refund 4,300 10,690
11,133,026 9,215,394
Less grants paid 40,000 40,000
11,093,026 9,175,394
Increase in other liabilities and taxation provisions 992,236 551,425
Decrease in Government and local authority securities 2,705,476 -
$14,790,738 $9,726,819

These funds were invested in:

1986 $ 1985 $
Mortgages, new advances 7,415,210 7,318,932
Less repayments 6,067,630 4,747,490
1,347,580 2,571,442
Government and local authority securities - 4,721,098
Personal loans and terms loans 1,871,943 788,191
3,219,523 8,080,731
Fixed assets 628,938 247,813
Current assets 10,942,277 1,398,275
$14,790,738 $9,726,819

AUDITORS’ REPORT TO THE TRUSTEES OF TRUSTEEBANK SOUTH CANTERBURY

We have obtained all the information and explanations that we have required. In our opinion, proper accounting records have been kept by the Bank so far as appears from our examination of those records.

In our opinion, the financial statements give, using the historical cost method modified by the revaluation of land and buildings, a true and fair view of the financial position of the Bank as at 31 March 1986 and the results of its operations and the source and application of funds for the year ending on that date.

DELOITTE HASKINS & SELLS, Chartered Accountants.

Dunedin, 10 June 1986.

4726

GENERAL PUBLICATIONS

BLUE WATER RATIONALE
The Naval Defence of New Zealand 1914–1942
I. C. McGibbon

446 pp. 1981. $25.00 plus $3.75 p & p
An account of the naval defence strategy of New Zealand between the years 1914 and 1942, in which the author explores in depth the relationship between Britain and New Zealand with respect to the defence of New Zealand and the South Pacific.

THE RESTLESS LAND: The Story of Tongariro National Park
DEPARTMENT OF LANDS AND SURVEY

112 pp. 1981. $7.50 plus $1.50 p & p
This book is a colourful and informative guide to Tongariro National Park. It describes the volcanic action that formed the existing landscape, the mythology of the area, plant and animal life and recreational opportunities. It contains comprehensive glossaries and a map enabling a greater understanding of the park.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1986, No 138


NZLII — PDF NZ Gazette 1986, No 138




✨ LLM interpretation of page content

💰 Trusteebank South Canterbury Financial Statements Notes (continued from previous page)

💰 Finance & Revenue
10 June 1986
Financial Statements, Accounting Policies, Revenue Recognition, Depreciation, Taxation
  • DELOITTE HASKINS & SELLS, Chartered Accountants

🎓 General Publications

🎓 Education, Culture & Science
Books, Naval Defence, National Park, Tongariro