✨ Financial Statements
1994
NEW ZEALAND GAZETTE
No. 73
The notes to these financial statements form part of and should be read in conjunction with this Statement of Income and Expenditure.
Balance Sheet as at 31 March 1995
| Source of funds—Trust funds— | Note | 1995 $000 | 1994 $000 |
|---|---|---|---|
| Capital | 5 | 251,786 | 251,786 |
| Capital maintenance reserve | 3 | 48,066 | 36,372 |
| Investment fluctuation reserve | 3 | – | 6,887 |
| General reserve | 3 | 18,000 | 40,000 |
| Social emergencies reserve | 3 | – | 3,500 |
| Retained surplus | 447 | 62 | |
| 318,299 | 338,607 | ||
| Liabilities— | |||
| Bank overdraft | 1 | 316 | – |
| Creditors | 4 | 16,843 | 277 |
| Committed donations | 64 | 20,973 | |
| ASB Bank Community Trust | 100 | ||
| 17,224 | 21,350 | ||
| $335,523 | $359,957 | ||
| Employment of funds— | |||
| Investments— | |||
| Managed funds | 2 | 331,226 | 352,584 |
| Other investments | 2 | 931 | 4,054 |
| Investment properties | 2 | 960 | 850 |
| 333,117 | 357,488 | ||
| Current assets— | |||
| Cash | – | 14 | |
| Debtors | 13 | 3 | |
| Other assets | 25 | 26 | |
| 38 | 43 | ||
| Fixed assets | 6 | 2,368 | 2,426 |
| $335,523 | $359,957 |
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.
Statement of Cash Flows for the Year Ended 31 March 1995
| Cash flows from operating activities—Cash was provided from: | 1995 $000 | 1994 $000 |
|---|---|---|
| Receipts from fund managers | 15,000 | 16,030 |
| Decrease in term deposits | – | 250 |
| Decrease in bonds | 2,764 | 4,526 |
| Interest received on investments | 227 | 673 |
| Receipts from rentals | 116 | 108 |
| 18,107 | 21,587 | |
| Cash was disbursed on: | ||
| Payment to suppliers | (23) | (57) |
| Refunds to ASB Bank Community Trust for the services of suppliers, trustees and staff | (556) | (728) |
| Fund management and advisory fees | (1,360) | (1,538) |
| Donations to voluntary organisations | (12,198) | (15,171) |
| Appropriation to ASB Bank Community Trust Charitable Purposes Reserve Fund | (4,075) | (3,750) |
| (18,212) | (21,244) | |
| Net cash inflow/(outflow) from operating activities | (105) | 343 |
| Cash flows from investing activities—Cash was provided from: | ||
| Sale of fixed assets | 19 | 16 |
| Bills receivable matured | 145 | 717 |
| 164 | 733 |
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VUW Te Waharoa —
NZ Gazette 1995, No 73
NZLII —
NZ Gazette 1995, No 73
✨ LLM interpretation of page content
💰
ASB Charitable Trust Balance Sheet as at 31 March 1995
(continued from previous page)
💰 Finance & RevenueASB Charitable Trust, Balance Sheet, Financial Report, 1995
- JUDITH BASSETT, Chairperson
- WAARI WARD-HOLMES, Deputy Chairman
💰
ASB Charitable Trust Statement of Cash Flows for the Year Ended 31 March 1995
(continued from previous page)
💰 Finance & RevenueASB Charitable Trust, Cash Flows, Financial Report, 1995