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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✨ LLM interpretation of page content

💰 Balance Sheet for Trust Bank Wellington Community Trust (continued from previous page)

💰 Finance & Revenue
22 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 & Revenue
Cash Flows, Operating Activities, Investing Activities, Dividends, Grants