✨ Financial Statements
19 AUGUST NEW ZEALAND GAZETTE
2491
| Note | 1993 $ | 1992 $ | |
|---|---|---|---|
| Depreciation—marquees | 1,321 | — | |
| Total expenditure | 35,706 | 19,978 | |
| Net income before donations | 238,215 | 262,991 | |
| Less donations | 143,556 | 85,500 | |
| Net profit transferred to the trust fund | $94,659 | $177,491 |
(The notes to the financial statements form part of and are to be read in conjunction with the above account.)
Balance Sheet as at 31 March 1993
| Note | 1993 $ | 1992 $ | |
|---|---|---|---|
| Trust funds— | |||
| Capital | 2 | 4,689,000 | 4,689,000 |
| Undistributed income | 3 | 437,464 | 342,805 |
| Balance as at 31 March 1993 | $5,126,464 | $5,031,805 |
Represented by current assets—
| Bank—Current account | | 11,099 | 11,186 |
| Bank—Prime call account | | 371,720 | 266,043 |
| Disaster relief fund | | 3,144 | 2,940 |
| Sundry debtors | | 2,405 | 3,301 |
| | | 388,368 | 283,470 |
Less current liabilities—
| Sundry creditors | | 26,796 | 16,665 |
| Total current liabilities | | 26,796 | 16,665 |
| Working capital | | 361,572 | 266,805 |
Add long term assets—
| Long term advances | 4 | 64,000 | 76,000 |
| Investments—
| Shares in Trust Bank New Zealand Limited | | 4,689,000 | 4,689,000 |
| Fixed assets (after depreciation) marquees | 7 | 11,892 | — |
| Net assets | | $5,126,464 | $5,031,805 |
Signed on behalf of the board of trustees:
A. F. McLAY, Chairperson.
D. B. TIMPANY, Trustee.
Dated this 31st day of May 1993.
(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 1993
| 1993 $ | 1992 $ | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Interest on deposits | 21,854 | |
| Dividends | 252,963 | |
| Cash was applied to: | ||
| Suppliers of goods and services | (24,254) | |
| Donations | (143,556) | |
| Net cash flows from operating activities | 107,007 |
Cash flows from investing activities—
| Cash was provided from: | | |
| Loan repayments—
| Timaru Boy’s High School—library | | 2,000 | 7,000 |
| Timaru High schools—hostel | | — | — |
| St Vianney’s Home | | 10,000 | — |
| Cash was applied to: | | |
| Advance of loans to—
| Mid-Canterbury Basketball Association | | — | (20,000) |
| St Vianney’s Home of Compassion | | — | (50,000) |
| Net cash flows from investing activities | | 12,000 | (63,000) |
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VUW Te Waharoa —
NZ Gazette 1993, No 124
NZLII —
NZ Gazette 1993, No 124
✨ LLM interpretation of page content
💰
Income and Expenditure Account for Trust Bank South Canterbury Community Trust Inc.
(continued from previous page)
💰 Finance & Revenue31 May 1993
Financial Statement, Income, Expenditure, Trust Bank, South Canterbury
- A. F. McLAY, Chairperson
- D. B. TIMPANY, Trustee