New Zealand Gazette – 1990 – No. 150

Page 3181

✨ Financial Statements



30 AUGUST NEW ZEALAND GAZETTE 3181

Note 1990 1989
$ $
Government stock ... 3 51,414 —
Net assets ... $9,160,220 $9,006,913

Signed on behalf of the board of trustees:
H. P. JONES, Chairperson.
H. J. UTTINGER, Trustee.
Dated this 5th day of June 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 Period Ended 31 March 1990

$
Cash flows from operating activities—
Cash was provided from:
Dividend from Trust Bank New Zealand Ltd. 307,500
Interest on investments 10,883
Other 100
Cash was disbursed to:
Suppliers of goods and services 3,419
Trustees 30,867
Grants to the community 146,075
Net cash flows from operating activities 138,122
Cash flows from investing activities—
Cash was provided from:
Not applicable
Cash was applied to:
Investment in Government stock 51,645
Term deposits 80,000
National Disaster Relief Fund 6,375
Net cash flows from investing activities (138,020)
Increase (decrease) in cash held 102
Add cash at 1 April 1989 (2,712)
Cash at 31 March 1990 (2,610)

Notes to the Financial Statements for the Period Ended 31 March 1990

1. Statement of Accounting Policies

General Accounting Policies

The general accounting policies adopted in the preparation of these financial statements are:

  • The measurement base adopted is the historical cost basis.
  • Reliance has been placed on the fact that the entity is a going concern.
  • The matching of revenues earned and expenses incurred using accrual accounting except that dividend income is accounted for on a receipts basis.

Particular Accounting Policies

The following are the particular accounting policies which have a material effect on the measurement of results and financial position:

(a) Dividend Income: Dividend income from Trust Bank New Zealand Ltd. is included in the income and expenditure account when it is received.

(b) Grants: Grants made are included in the income and expenditure account when paid.

(c) Investments: Shares held in Trust Bank New Zealand Ltd. are stated at cost. Government stocks are stated at cost less discounts or premiums amortised over the term of the investment on a straight-line basis.

Changes in Accounting Policies

There have been no changes in accounting policies. All policies have been applied on bases consistent with those used in the previous year.

2. Dividends

1990 1989
Dividends received from Trust Bank New Zealand Ltd. $247,500 —
Interim dividend (declared in respect of the financial year ended 31 March 1990 and received 15 December 1989) 60,000 —


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1990, No 150


NZLII — PDF NZ Gazette 1990, No 150




✨ LLM interpretation of page content

💰 Trust Bank Bay of Plenty Community Trust Particulars (continued from previous page)

💰 Finance & Revenue
5 June 1990
Community Trust, Financial Statements, Balance Sheet, Cash Flows, Accounting Policies
  • H. P. Jones, Chairperson
  • H. J. Uttinger, Trustee

💰 Statement of Cash Flows for the Period Ended 31 March 1990

💰 Finance & Revenue
Cash Flows, Operating Activities, Investing Activities, Financial Report

💰 Notes to the Financial Statements for the Period Ended 31 March 1990

💰 Finance & Revenue
Accounting Policies, Dividend Income, Grants, Investments, Financial Statements