✨ Financial Statements
NEW ZEALAND GAZETTE
2 AUGUST
Balance Sheet as at 31 March 1990
| Note | 1990 $ | 1989 $ |
|---|---|---|
| Trust funds— | ||
| Balance 1 April 1989 ... | 4,999,695 | — |
| Less prior period adjustment ... | 5,770 | |
| 4,993,925 | 4,968,158 | |
| Funds introduced | — | — |
| Net income for year ... | 53,038 | 31,537 |
| Balance 31 March 1990 ... | $5,046,963 | $4,999,695 |
Represented by
Current assets—
- Deposits—Trust Bank Wellington Ltd. ... | 68,337 | 29,876 |
- Deposits—National Disaster Relief Fund ... | 3,753 | — |
- Interest receivable ... | 4,743 | 235 |
- Trust Bank Wellington Ltd.—current account ... | 9,010 | 1,426 |
| Total current assets ... | 85,843 | 31,537 |
| Less current liabilities— | | |
| Sundry creditors ... | 7,038 | — |
| Working capital ... | 78,805 | 31,537 |
| Add long-term assets— | | |
| Shares in Trust Bank New Zealand Ltd. ... | 4,968,158 | 4,968,158 |
| Net assets ... | $5,046,963 | $4,999,695 |
Off balance sheet item
Grants approved, but not uplifted ... | $10,263 | — |
Signed on behalf of the Board of Trustees:
F. D. O'FLYNN, Chairperson.
R. E. CHIN, Trustee.
Dated this 22nd day of May 1990.
(The notes to the financial statements form part of and are to be read in conjunction with this balance sheet.)
Statement of Cash Flows for the Year Ended 31 March 1990
| 1990 $ | 1989 $ | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Dividends from Trust Bank New Zealand Ltd. ... | 153,750 | — |
| Interest on investments ... | 2,691 | 1,302 |
| Other ... | 100 | 30,000 |
| 156,541 | 31,302 | |
| Cash was disbursed to— | ||
| Suppliers of goods and services ... | 3,055 | — |
| Trustees ... | 8,365 | — |
| Grants to the community ... | 95,323 | — |
| 106,743 | — |
| Net cash flows from operating activities ... | 49,798 | 31,302 |
| Cash flows from investing activities— | | |
| Cash was provided from: | | |
| Sale of shares ... | — | 1,800,000 |
| Cash was applied to: | | |
| Investment in shares ... | — | (1,800,000) |
| Net cash flows from investing activities ... | — | — |
| Net increase (decrease) in cash held ... | 49,798 | 31,302 |
| Add cash at 1 April 1989 ... | 31,302 | — |
| Cash at 31 March 1990 ... | $81,100 | $31,302 |
Shown in balance sheet as—
- Deposits—Trust Bank Wellington Ltd. ... | 68,337 | 29,876 |
- Deposit—National Disaster Relief Fund ... | 3,753 | — |
- Bank account ... | 9,010 | 1,426 |
| | $81,100 | $31,302 |
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VUW Te Waharoa —
NZ Gazette 1990, No 132
NZLII —
NZ Gazette 1990, No 132
✨ LLM interpretation of page content
💰
Balance Sheet for Trust Bank Wellington Community Trust
(continued from previous page)
💰 Finance & Revenue22 May 1990
Balance Sheet, Trust Funds, Assets, Liabilities, Financial Statements
- F. D. O'FLYNN, Chairperson
- R. E. CHIN, Trustee
💰 Statement of Cash Flows for Trust Bank Wellington Community Trust
💰 Finance & RevenueCash Flows, Operating Activities, Investing Activities, Dividends, Grants