New Zealand Gazette – 1994 – No. 50

Page 1778

✨ Financial Statements and Notes



NEW ZEALAND GAZETTE

No. 50

This Year $ Last Year $
Total trust funds 133,271,370 23,546,884
$133,302,354 $23,568,341

Current assets

  • Trust Bank Waikato current account ... 8,520
  • National Disaster Relief Fund ... 16,159
  • Resident withholding tax ... —

Total current assets ... 24,679

Investments (Note 2)

  • Fixed interest investments ... 1,061,500
  • Equity securities ... 113,094,288
  • Term deposits—Trust Bank Waikato Limited ... 19,098,043
  • Accrued interest on term deposits ... 23,844

Total investments ... 133,277,675

Total ... $133,302,354 | $23,568,341

Signed on behalf of the board of trustees:
D. J. BRAITHWAITE, Chairperson.
J. A. GRACE, Trustee.

Dated this 2nd day of May 1994.

Statement of Cash Flows for the Year Ended 31 March 1994

This Year $ Last Year $
Cash flows from operating activities—
Cash was provided from:
Dividends 2,065,233 1,339,767
Interest 124,546 109,698

Cash was disbursed:
| Grants | 889,250 | 724,265 |
| Payments to suppliers and trustees | 61,932 | 40,358 |

Net cash flows from operating activities (Note 4) | 1,238,597 | 684,842 |

Cash flows from investing activities—
Cash was provided from:
| Brokerage refunded | 4,800 | — |
| Sales of investments | 17,798,028 | 593,655 |

Cash was applied to:
| Purchase of investments | 19,037,819 | 1,314,376 |

Net cash flows from investing activities | (1,234,991) | (720,721) |

Net increase (decrease) in cash held | 3,606 | (35,879) |
| Cash at 31 March 1993 | 4,914 | 40,793 |
| Cash at 31 March 1994 | 8,520 | 4,914 |

Notes to the Financial Statements for the Year Ended 31 March 1994

1. Statement of Accounting Policies

General Accounting Policies

The general accounting policies adopted in the preparation of these financial statements are:

(a) The measurement base adopted is the historical cost basis with the exception of investments which are recorded at market value.

(b) Reliance has been placed on the fact that the entity is a going concern.

(c) 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) Grants—Grants made are included in the income and expenditure account when approved by the trustees.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1994, No 50


NZLII — PDF NZ Gazette 1994, No 50




✨ LLM interpretation of page content

💰 Trust Bank Waikato Community Trust Financial Report (continued from previous page)

💰 Finance & Revenue
2 May 1994
Trust report, income, grants, trust funds, financial statements
  • D. J. Braithwaite, Chairperson
  • J. A. Grace, Trustee

💰 Statement of Cash Flows for the Year Ended 31 March 1994

💰 Finance & Revenue
Cash flows, operating activities, investing activities, financial statements

💰 Notes to the Financial Statements for the Year Ended 31 March 1994

💰 Finance & Revenue
Accounting policies, financial statements, grants, accrual accounting