1928 NEW ZEALAND GAZETTE No. 71

8. Financial Instruments

All financial instruments held by the trust are recorded in the balance sheet. The financial instruments comprise equity securities, discounted securities, deposits and cash. Concentrations of credit risk arise as a result of the equity securities being investments in Trust Bank New Zealand Limited. These are subject to the normal market risk associated with investments of this nature. There are no significant differences between the fair value and book value of financial instruments.

Audit Report

To the readers of the financial report of Trust Bank Wellington Community Trust.

We have audited the financial report. The financial report provides information about the past financial performance of Trust Bank Wellington Community Trust and its financial position as at 31 March 1995. This information is stated in accordance with the accounting policies set out in the notes to the financial statements.

Trustees' Responsibilities

The trustees are responsible for the preparation of a financial report which fairly reflects the financial position of the Trust Bank Wellington Community Trust as at 31 March 1995 and of the results of operations for the year ended 31 March 1995.

Auditor's Responsibilities

It is our responsibility to express an independent opinion on the financial report presented by the trustees and report our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements. It also includes assessing:

• the significant estimates and judgements made by the trustees in the preparation of the financial report, and
• whether the accounting policies are appropriate to the trust's circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with generally accepted auditing standards in New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial report is free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Other than in our capacity as auditors we have no relationship with or interest in the Trust Bank Wellington Community Trust.

Unqualified Opinion

We have obtained all the information and explanations we have required.

In our opinion the financial statements fairly reflect the financial position of the Trust Bank Wellington Community Trust as at 31 March 1995 and the results of its operations and cash flows for the year ended on that date.

Our audit was completed on 19 June 1995 and our unqualified opinion is expressed as at that date.

DELOITTE TOUCHE TOHMATSU, Chartered Accountants.
Wellington, New Zealand.

g4652

Index

B

Bankruptcy Notices—
Notices: 1882, 1883.

C

Charitable Trusts Act—
Application for approval of a scheme
Mary Catherine Power Trust: 1900.
Dissolution of charitable trusts: 1900.
Commerce Act—
Appointments to the Commerce Commission: 1901.
Companies Act—
Cessation of business in New Zealand: 1896.
Dissolved and/or struck off: 1894.
Intention to apply for removal of company from the register:
D V Knox & Co Ltd., 1895;
Malendo Holdings Ltd., 1895;
Premium Cereals Growing & Marketing Ltd., 1895;
Rob Knights & Co Ltd., 1894;
Vivace Textiles Ltd., 1894.
Intention to remove companies from the register: 1894.
CS First Boston NZ Services Ltd., 1895;
Frost Vehicle Electrix Ltd., 1895;
Wan Joe Ltd., 1895.
Reduction of capital: 1897.
Restoration to the Register of Companies:
4 Success Ltd., 1897.
Burke and Roper Management Ltd., 1897.
Concrete Productions Ltd., 1897; Cynthia Helene Ltd., 1896.
David Wright Restorations Ltd., 1897; Deltron Electrical Ltd., 1896;
Display 2000 Ltd., 1896.
Echelon Electronics Ltd., 1897.
Macadamia Gold Ltd., 1896.
N H Le Page & Co Ltd., 1897; National Properties Ltd., 1897.
Onyx International Ltd., 1897.
Smile Holdings Ltd., 1896; Swanstone Sculpture Ltd., 1897.
The Cure Holdings Ltd., 1897; The Fairy Shop Ltd., 1896.
Unique Network Solutions Ltd., 1896.
Van Den Anker Construction Ltd., 1896.
Walker-Fernleigh Textiles Ltd., 1896.
Zip International Shopfittings Ltd., 1897.