✨ Financial Statements
1842
NEW ZEALAND GAZETTE
No. 73
Interest .................................................. 207,551 86,956
Donations refunded ...................................... - 10,000
Other ................................................... - 21,408
3,417,551 2,016,221
Less expenditure—
Advertising ............................................. 16,408 9,535
Audit fees .............................................. 2,931 1,687
Office administration ................................... 35,120 27,114
Trustees’ honoraria and meeting fees ...................... 39,957 33,775
Trustees travel and other costs ......................... 28,124 16,299
Other administration costs .............................. 64,139 22,409
186,679 110,819
Depreciation ............................................ 1,154 -
Total operating costs before donations .................. 187,833 110,819
Donations—
Donations Round ..................................... 1,044,470 654,660
Business Grow ....................................... 33,750 -
Task Force Green .................................... 99,916 -
Dillon Scholarship .................................. 10,500 10,500
Total expenditure including donations ................. 1,376,469 775,979
Net surplus transferred to the trust fund ............... $2,041,082 $1,240,242
Statement of Movements in Equity for the Year Ended 31 March 1996
Equity at the start of the year ........................ 59,378,674 18,058,957
Net surplus for the year ............................... 2,041,082 1,240,241
Increase in revaluation reserves ....................... 18,296,205 40,079,476
Total recognised revenues/expenses for year ............ 20,337,287 41,319,717
Equity at the end of the year .......................... $79,715,961 $59,378,674
Balance Sheet as at 31 March 1996
Trust Funds:
General funds ....................................... 21,340,280 19,299,198
Investment revaluation reserve ...................... 58,375,681 40,079,476
Total trust funds ..................................... $79,715,961 $59,378,674
Represented by:
Current assets—
Trust Bank Bay of Plenty—
Current account ................................... 54,843 17,265
Call account ...................................... 101,504 100,217
Deposit account ................................... - 11,054
156,347 128,536
Accounts receivable ................................. 48,965 35,416
205,312 163,952
Current liabilities—
Accounts payable .................................... 72,968 1,942
Working capital ....................................... 132,344 162,010
Fixed assets—
Office furniture and equipment ...................... 23,103 -
Less depreciation ................................... 1,154 -
21,949 -
Investments—
Deposit accounts—TBNZ ............................... 1,784,077 -
New Zealand stocks .................................. 1,654,733 1,436,664
Shares—TBNZ Limited ................................. 76,122,858 57,780,000
79,561,668 59,216,664
Total net assets ...................................... $79,715,961 $59,378,674
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VUW Te Waharoa —
NZ Gazette 1996, No 73
NZLII —
NZ Gazette 1996, No 73
✨ LLM interpretation of page content
💰 Financial Report for the Year Ended 31 March 1996
💰 Finance & RevenueFinancial Report, Revenue, Expenditure, Donations, Surplus, Equity, Balance Sheet, Trust Funds, Assets, Liabilities