✨ Financial Statements
NEW ZEALAND GAZETTE
No. 75
should be read in conjunction with this Statement of
Income and Expenditure.
ASB Charitable Trust
Balance Sheet as at 31 March 1994
| Note | 1994 $000 | 1993 $000 | |
|---|---|---|---|
| Source of Funds— | |||
| Trust Funds | 251,786 | 251,786 | |
| Capital | 5 | ||
| Capital Maintenance Reserve | 3 | 36,372 | 32,660 |
| Investment Fluctuation Reserve | 3 | 6,887 | 10,644 |
| General Reserve | 3 | 40,000 | 40,000 |
| Social Emergencies Reserve | 3 | 3,500 | — |
| Retained surplus | 62 | 186 | |
| 338,607 | 335,276 | ||
| Liabilities— | |||
| Creditors | 277 | 284 | |
| Committed donations | 4 | 20,973 | 15,580 |
| ASB Bank Community Trust | 100 | 63 | |
| 21,350 | 15,927 | ||
| $359,957 | $351,203 |
Employment of Funds
| Note | 1994 $000 | 1993 $000 | |
|---|---|---|---|
| Investments— | |||
| Managed funds | 2 | 352,584 | 339,106 |
| Other investments | 2 | 4,054 | 9,265 |
| Investment properties | 2 | 850 | 836 |
| 357,488 | 349,207 | ||
| Current Assets— | |||
| Cash | 14 | 179 | — |
| Debtors | 3 | 13 | 192 |
| Other assets | 26 | 26 | — |
| Fixed assets | 6 | 2,426 | 1,804 |
| $359,957 | $351,203 |
Approved on behalf of the Board:
JUDITH BASSETT, Chairperson.
WAARI WARD-HOLMES, Deputy Chairman.
The notes to these financial statements form part of and should be read in conjunction with this Balance Sheet.
ASB Charitable Trust
Statement of Cash Flows for the Year Ended 31 March 1994
| 1994 $000 | 1993 $000 | |
|---|---|---|
| Appropriation to ASB | (3,750) | — |
| Bank Community Trust Charitable | ||
| Purposes Reserve Fund |
| Net cash inflow from operating activities | 343 | 724 |
| Cash flows from investing activities— | | |
| Cash was provided from: | | |
| Sale of vehicle, office equipment & furniture | 16 | 1 |
| Bills receivable matured | 717 | 444 |
| Cash was disbursed on: | | |
| Purchase of vehicle, office equipment & furniture | (279) | (37) |
| Purchase of land & buildings | (566) | (1,019) |
| Net cash outflow from investing activities | (845) | (1,056) |
| Net cash inflow from investments activities | 231 | 113 |
| Net increase in cash held | 231 | 113 |
| Add opening cash brought forward | 532 | 419 |
| Ending cash carried forward | $763 | $532 |
The notes to these financial statements form part of and should be read in conjunction with this Statement of Cash Flows.
ASB Charitable Trust
Reconciliation of Reported Surplus to Net Cash Flow From Operating Activities
| Note | 1994 $000 | 1993 $000 | |
|---|---|---|---|
| Reported deficit | (124) | (192) | |
| Add non-cash items: | |||
| Unrealised investment fluctuations | 2,722 | (3,032) | |
| Unrealised property revaluation | 23 | — | |
| Unrealised interest on bonds | (27) | (11) | |
| Depreciation | 89 | 56 | |
| Allocation to Capital Maintenance Reserve | 3,712 | 2,827 | |
| Allocation to Investment Fluctuation Reserve | (3,757) | 173 | |
| Allocation to General Reserve | — | 23,000 | |
| Allocation to Social Emergencies Reserve | 3,500 | — | |
| 6,262 | 23,013 | ||
| Movements in working capital items: | |||
| Increase/(decrease) in operating activity creditors | 47 | 38 | |
| Increase in committed donations | 5,394 | 7,611 | |
| Increase/(decrease) in ASB Bank Community Trust | 37 | (77) | |
| (Increase)/decrease in debtors | 11 | (1) | |
| Movements in investments: | |||
| Decrease in term deposits | 250 | 1,300 | |
| Decrease in bonds | 4,526 | 655 |
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VUW Te Waharoa —
NZ Gazette 1994, No 75
NZLII —
NZ Gazette 1994, No 75
✨ LLM interpretation of page content
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ASB Charitable Trust Financial Statements for 1994
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Balance Sheet, Cash Flows, Reconciliation, Investments, Reserves, ASB Charitable Trust
- JUDITH BASSETT, Chairperson
- WAARI WARD-HOLMES, Deputy Chairman