New Zealand Gazette – 1990 – No. 48

Page 1138

✨ Financial Statements

1138 NEW ZEALAND GAZETTE No. 48

Contingent Liability
No contingent liabilities exist (1988, $Nil).
Directors’ Emoluments
No emoluments are paid to the directors of the company.

Westpac Savings Bank - NZ - Ltd. Statement of Cash Flows For the Year Ended 30 September 1989

	1989	1988
	$000	$000

Cash Flows From Operating Activities:
Cash was provided from:
Interest income ... ... ... ... ... 9,989 14,844
Tax credits ... ... ... ... ... ... 375 –

Cash was applied to:
Interest expense ... ... ... ... ... 7,359 11,218
Management and operating expenses ... 781 1,177
Auditors’ remuneration ... ... ... ... 9 9
Taxes paid ... ... ... ... ... ... ... – 3,771

Net cash flow from operations ... ... ... 2,215 (1,331)

Cash Flows From Investing Activities:
Cash was provided from:
Proceeds from maturity of Government securities ... – 53,815
Mortgage and loan repayments ... ... ... 11,300 13,036

Cash was applied to:
Repayment depositors balances* ... ... 15,245 20,064

Net cash flow from investing ... ... ... (3,945) 46,787

Cash Flows From Financing Activities:
Cash was provided from:
–

Cash was applied to:
–

Net cash flow from financing ... ... ... –

Net decrease in cash ... ... ... ... ... (1,730) 45,456
Opening cash and cash equivalents ... ... 74,919 29,463

Closing cash and cash equivalents ... ... $73,189 $74,919

Cash and cash equivalents comprise:
Deposit with Westpac Banking Corporation ... $73,189 $74,919

The amounts shown represent the net cash flow for the period.

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS:
V. R. WARD, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1990

ISSN 0111-5650
Price $3.00 (inc. G.S.T.)

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VUW Te Waharoa — NZ Gazette 1990, No 48

NZLII — NZ Gazette 1990, No 48

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Westpac Savings Bank Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
Dated20 November 1989
KeywordsFinancial Statements, Statement of Cash Flows, Interest Income, Interest Expense, Westpac Savings Bank
👩‍💼 Officials

V. R. WARD, GOVERNMENT PRINTER

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