New Zealand Gazette – 1992 – No. 127

Page 2795

✨ Financial Statements



13 AUGUST

NEW ZEALAND GAZETTE

2795

Balance Sheet as at 31 March 1992

1991
$

Trust funds—
Balance as at 1 April 1991 ... 5,046,963
Net income for year ... 46,018

$5,092,981

Balance 31 March 1992 ... $5,140,746

Represented by:
Current assets—
Deposits—Trust Bank Wellington Limited ... 100,000 161,000
Deposits—National Disaster Relief Fund ... 3,697 4,082
Interest receivable ... 2,592 5,437
Trust Bank Wellington Limited—Current account ... 19,434 2,919

Total current assets ... 125,723 173,438
Less current liabilities—
Sundry creditors ... 900 850

Working capital ... 124,823 172,588
Add long term assets—
Shares in Trust Bank New Zealand (Note 2) ... 4,968,158 4,968,158

Net assets ... $5,092,981 $5,140,746

Off balance sheet item
Grant approved, but not uplifted ... $10,200 $9,350

Signed on behalf of the board of trustees.

F. D. O'FLYNN, Chairperson.
M. B. JAMESON, Trustee.

Dated this 5th day of June 1992.

(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 1992

1991
$

Cash flows from operating activities—
Cash was provided from:
Dividends from Trust Bank New Zealand Limited ... 317,550 366,300
Interest on investments ... 19,361 14,451

336,911 380,751

Cash was disbursed to:
Suppliers of goods and services ... 12,059 18,357
Trustees ... 10,200 8,310
Grants to the community ... 272,621 309,214

294,880 335,881

Net Cash flows from operating activities ... 42,031 44,870

Net increase (decrease) in cash Held ... 42,031 44,870
Add cash at 1 April 1991 ... 81,100 123,131

Cash at 31 March 1992 ... $123,131 $168,001

Shown in balance sheet as
Deposits—Trust Bank Wellington Limited ... 100,000 161,000
Deposit—National Disaster Relief Fund ... 3,697 4,082
Bank account ... 19,434 2,919

$123,131 $168,001

Notes to the Financial Statements For the Year Ended 31 March 1992

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 and grants are accounted for on a cash basis.


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✨ LLM interpretation of page content

🏢 Trust Bank Wellington Community Trust Annual Report for the Year Ended 31 March 1992 (continued from previous page)

🏢 State Enterprises & Insurance
5 June 1992
Annual Report, Trust Bank, Community Trust, Financial Statements, Balance Sheet, Cash Flows
  • F. D. O'FLYNN, Chairperson
  • M. B. JAMESON, Trustee

🏢 Balance Sheet as at 31 March 1992

🏢 State Enterprises & Insurance
Balance Sheet, Trust Funds, Current Assets, Current Liabilities, Long Term Assets, Net Assets

🏢 Statement of Cash Flows for the Year Ended 31 March 1992

🏢 State Enterprises & Insurance
Cash Flows, Operating Activities, Dividends, Interest, Suppliers, Trustees, Grants

🏢 Notes to the Financial Statements For the Year Ended 31 March 1992

🏢 State Enterprises & Insurance
Accounting Policies, Measurement Base, Historical Cost, Going Concern, Accrual Accounting