New Zealand Gazette – 1993 – No. 98

Page 1871

✨ Financial Statements



NEW ZEALAND GAZETTE

1 JULY

1871

H. P. JONES, Chairperson.

M. B. DICKIE, Trustee.

Dated this 25th 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:
Dividend from Trust Bank New Zealand Limited ... 702,675
Interest on investments ... 84,135
Other ... —
Cash was disbursed to:
Suppliers of goods and services ... 14,504
Trustees ... 32,766
Donations to the community ... 432,258
R. Dillon scholarships ... 8,250
Net cash flows from operating activities ... 299,032
Cash flows from investing activities—
Cash was applied to:
Net increase in investments ... 592,464
Net cash flows from investing activities ... (592,464)
Increase (decrease) in cash held ... (293,432)
Add cash at 1 April 1992 ... 570,585
Cash at 31 March 1993 ... $277,153

Notes to the Financial Statements for the Period Ended 31 March 1933

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 Limited is included in the income and expenditure account when it is received.

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

(c) Investments: Shares held in Trust Bank New Zealand Limited 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.



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✨ LLM interpretation of page content

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

💰 Finance & Revenue
Annual Report, Charitable Trust, Trust Bank Bay of Plenty, Community Benefits, Financial Statements
  • H. P. Jones, Chairperson of the Trust
  • M. B. Dickie, Trustee