✨ Financial Statements
NEW ZEALAND GAZETTE
No. 68
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General
Trust Bank Eastern and Central Community Trust Inc.
Trustee Banks Restructuring Act 1988
Trust Bank Eastern and Central Community Trust Inc.
Consolidated Statement of Financial Performance for the Year Ended 31 March 1996
| Note | 1996 $ | 1995 $ | |
|---|---|---|---|
| Income— | |||
| Dividends | 3,654,000 | 2,175,000 | |
| Interest— | |||
| Government stock | 206,947 | 107,504 | |
| Other investments | 89,377 | 50,622 | |
| Total income | 3,950,324 | 2,333,126 |
| Less expenditure— | | | |
| ACC levy | | 517 | 382 |
| Advertising | | 33,379 | 15,905 |
| Administration expenses | | 18,193 | 15,484 |
| Audit | | 2,875 | 3,750 |
| CTIL management fees | | 25,818 | 12,643 |
| Depreciation | | 8,743 | 2,042 |
| Loss on sale of photocopier | | 1,472 | — |
| Rent | | 11,059 | 6,338 |
| Trustees' expenses | | 16,456 | 12,599 |
| Trustees' fees | | 44,201 | 34,627 |
| Wages and salaries | | 39,957 | 28,020 |
| | | | |
| Total expenditure | | 202,670 | 131,790 |
| Net income before community payments | | 3,747,654 | 2,201,336 |
| Less community payments— | | | |
| General donations | | 854,500 | 494,500 |
| Special donations | | 745,496 | 619,200 |
| Bursaries | | 112,000 | 66,000 |
| Total community payments | 3 | 1,711,996 | 1,179,700 |
| Surplus transferred to equity | | $2,035,658 | $1,021,636 |
(The notes to the financial statements form part of and are to be read in conjunction with the above accounts.)
Consolidated Statement of Movements in Equity for the Year Ended 31 March 1996
| 1996 $ | 1995 $ | |
|---|---|---|
| Equity at start of the period | 75,930,057 | 74,908,421 |
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VUW Te Waharoa —
NZ Gazette 1996, No 68
NZLII —
NZ Gazette 1996, No 68
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💰 Trust Bank Eastern and Central Community Trust Inc. Financial Performance
💰 Finance & RevenueFinancial Performance, Dividends, Interest, Expenditure, Community Payments