New Zealand Gazette – 1991 – No. 107

Page 2381

✨ Financial Statements and Notes



18 JULY

NEW ZEALAND GAZETTE

2381

Cash was applied to:
Investments ......................................................... $400,000
Net cashflows from investing activities ............................... (278,642)
Net increase in cash held ............................................ 7,900
Plus opening 1 April 1990 .......................................... 74,090
Closing cash balance 31 March 1991 ................................. $81,990

Notes to the Financial Statements for the Year Ended 31 March 1991

  1. General Policies
    The measurement base is that of historical cost. Reliance is placed on the fact that the Trust is a going concern. Accrual accounting is used to match expenses and revenues.

  2. Particular Accounting Policies
    Investments—The TSB Bank Limited shares are stated at par value when gifted:
    20,000,000 fully paid shares at 50 cents ........................... $10,000,000
    The net asset backing at 31 March 1991 was $1.36 per share.

  3. 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 years.

  4. Dividend
    The dividend includes $450,000 relating to the final dividend received from the bank for the year ended 31 March 1990 and $150,000 interim dividend for the year ended 31 March 1991.

  5. Commitments
    At balance date $60,000 of grants has been approved for distribution by the Trust, as well as a further $110,000 of grants allocated for distribution subject to approval by the trustees.

  6. Publishing Requirements
    A comprehensive list, itemising all recipients was published in Taranaki Daily News on the following dates:
    First round ................................................... 22 August 1990
    Second round .................................................. 12 November 1990
    Third round ................................................... 19 April 1991

A copy of the list of grants is available to anyone upon request (P.O. Box 31, Oakura, Taranaki).

gn7011

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS.
GP PRINT LIMITED, WELLINGTON, NEW ZEALAND—1991

ISSN 0111.5650
Price $3.20 (inc. G.S.T.)



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1991, No 107


NZLII — PDF NZ Gazette 1991, No 107




✨ LLM interpretation of page content

💰 Statement of Cashflows for the Year Ended 31 March 1991 (continued from previous page)

💰 Finance & Revenue
Cashflows, Financial Statement, TSB Community Trust, Investments, Dividends

💰 Notes to the Financial Statements for the Year Ended 31 March 1991

💰 Finance & Revenue
Financial Policies, Accounting Policies, Investments, Dividends, Commitments, Publishing Requirements