NEW ZEALAND GAZETTE

No. 68

10. Segmental Reporting

The trust operates as a charitable trust distributing funds to the community in the Central North Island region.

11. Contingent Liabilities

There are no contingent liabilities at 31 March 1996.

Audit Report

To the readers of the financial report of Trust Bank Eastern and Central Community Trust Inc.

We have audited the financial report. The financial report provides information about the past financial performance and financial position of the Trust Bank Eastern and Central Community Trust Inc. group (the trust) as at 31 March 1996. This information is stated in accordance with the accounting policies set out.

Board of Trustees Responsibilities

The board of trustees are responsible for the preparation of a financial report which gives a true and fair view of the financial position of the trust as at 31 March 1996 and of the results of operations and cash flows for the year ended 31 March 1996.

Auditors' Responsibilities

It is our responsibility to express an independent opinion on the financial report presented by the board of 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 report. It also includes assessing:

• the significant estimates and judgments made by the board of trustees in the preparation of the financial report, and
• whether the accounting policies are appropriate to the trust 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 report.

Other than in our capacity as auditors we have no relationship with or interests in the trust.

Unqualified Opinion

We have obtained:

• proper accounting records have been kept by the trust as far as appears from our examination of those records; and

• the financial report:

  — complies with generally accepted accounting practice;

  — gives a true and fair view of the financial position of the trust as at 31 March 1996 and the results of its operations and cash flows for the year ended on that date.

Our audit was completed on 24 May 1996 and our unqualified opinion is expressed as at that date.

DENT ROBERTSON & PARTNERS, Chartered Accountants,
Hastings, New Zealand.

A full list of donations for this period is available from the Trust Office, P.O. Box 1058, Hastings.

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Index

A

Animals Protection Act—
Approval of code of ethical conduct: 1684.

B

Bankruptcy Notices—
Notices: 1662, 1663.

Broadcasting Act—
Qualification of political parties for allocations of broadcasting time and money appropriated by Parliament: 1690

C

Companies Act—
Amalgamation of companies: 1682.
Intention to apply for removal of company from the register:
Bouzaid Masonry Ltd., 1680

Cortex Noticeboards Ltd., 1679.
Devonport Pharmacy Ltd., 1679.
High Modulus Consultants (NZ) Ltd., 1680; High Modulus Developments (NZ) Ltd., 1680.
Quartermaster Holdings Ltd., 1681.
Secure National Property Investments Ltd., 1678; Southern Motor Dealers Ltd., 1678.
V & G Contracting Ltd., 1681.
Waiouru Pharmacy (1994) Ltd., 1679.
Intention to remove companies from the register: 1673, 1674, 1675, 1677, 1678.
Dragnet Developments Ltd., 1679.
H G MacLachlan Ltd., 1679; Hayco Transport Ltd., 1680.
J & H Sisson Rentals Ltd., 1678.
Macdonald Realty Ltd., 1681; Motuopa Development Ltd., 1680.
Westmeath Farms Ltd., 1679.
Restoration to the Register of Companies:
South Law No 34 Ltd., 1682.
Winding up/liquidation notices: