New Zealand Gazette – 1995 – No. 73

Page 1997

✨ Financial Report



27 JULY
NEW ZEALAND GAZETTE
1997

Unrealised loss ....................................................... (131) (140)
$59 $556

Other investments comprise
Call deposits ................................................. 714 750
Bonds ....................................................... 217 3,159
Other ....................................................... – 145
$931 $4,054

These are managed in-house. Included in these are deposits, certain of which are subject to a right of set-off under the terms of the trust’s banking agreement. There has been no set-off applied in the presentation of these accounts.

Investment properties—
Balance as at 1 April ........................................... 850 836
Expenditure capitalised ....................................... 46 37
Investment property revaluation ............................... 64 (23)
Balance as at 31 March ........................................ $960 $850

The valuation of the sole investment property was performed by Jensen & Co Limited on 31 March 1995.

  1. Reserves
    Capital maintenance reserve—
    Balance as at 1 April ......................................... 36,372 32,660
    Allocation from surplus ....................................... 11,694 3,712
    Balance as at 31 March ........................................ $48,066 $36,372

Investment fluctuation reserve—
Balance as at 1 April ......................................... 6,887 10,644
Allocation to surplus ......................................... (6,887) (3,757)
Balance as at 31 March ........................................ – $6,887

General reserve—
Balance as at 1 April ......................................... 40,000 40,000
Allocation to surplus ......................................... (22,000) –
Balance as at 31 March ........................................ $18,000 $40,000

Social emergencies reserve—
Balance as at 1 April ......................................... 3,500 –
Allocation (to)/from surplus .................................. (3,500) 3,500
Balance as at 31 March ........................................ – $3,500

  1. Donations
    For this year—
    Committed and disbursed ....................................... 3,764 7,120
    Committed but not yet disbursed ............................... 4,303 13,445
    8,067 20,565
    For future years—
    Committed but not yet disbursed
    (Off balance sheet) ........................................... 529 205
    $8,596 $20,770

Committed but not yet disbursed—
Committed in previous years ................................. 12,540 7,528
Committed this year ......................................... 4,303 13,445
$16,843 $20,973

  1. Trust Capital
    Balance as at 1 April ........................................... 251,786 251,786
    Balance as at 31 March .......................................... $251,786 $251,786


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✨ LLM interpretation of page content

💰 ASB Charitable Trust Statement of Cash Flows for the Year Ended 31 March 1995 (continued from previous page)

💰 Finance & Revenue
ASB Charitable Trust, Cash Flows, Financial Report, 1995, Investments, Reserves, Donations, Trust Capital