✨ Financial Statements
NEW ZEALAND GAZETTE
No. 76
ASB Bank Community Trust
ASB Charitable Trust
Trustee Banks Restructuring Act 1988
ASB Bank Community Trust
Statement of Income and Expenditure for the Year Ended 31 March 1996
| | Note | 1996
| | | $000 | 1995
| | | $000 |
|-------------------------|------|------|
| Income— | | |
| Dividends | | 3,300| 2,600|
| Other investments | 2 | 252 | 58|
| | | 3,552| 2,658|
| Committed donations | 5 | 2,417| 1,577|
| | | 1,135| 1,081|
| Expenditure— | | |
| Audit | 7 | 7 | 7|
| Facilities rental | | 35 | 42|
| Legal | 9 | 12 | 12|
| Occupancy | | 20 | 18|
| Other operating | | 52 | 68|
| Public and statutory reporting| | 56 | 52|
| Staff | | 187 | 184|
| Trustees’ fees | | 48 | 56|
| Trustees’ expenses | | 10 | 13|
| | | 424 | 452|
| Unrealised investment revaluations| 3 | 13,746| 10,603|
| Donation from ASB Charitable Trust | 6 | 0| 4,075|
| Surplus before taxation | 4 |14,457|15,307|
| Taxation | | 63 | 14|
| Net surplus | |$14,394|$15,293|
The Net Surplus has been allocated as follows:
| | | |
| Investment revaluation reserve | 6 |12,464| 9,796|
| Charitable purposes reserve fund | 6 | 1,606| 4,887|
| Investment fluctuation reserve | 6 | 0| (69)|
| Uncommitted surplus | | 324| 679|
| | |$14,394|$15,293|
The notes to these financial statements form part of and should be read in conjunction with this Statement of Income and Expenditure.
Statement of Movement in Trust Funds for the Year Ended 31 March 1996
| | 1996 | 1995 |
| | $000 | $000 |
|------------------------------|-------|-------|
| Total trust funds at beginning of year | 94,423 | 79,130 |
| Net surplus | 14,394 | 15,293 |
| Total trust funds at end of year |108,817 | 94,423 |
The notes to these financial statements form part of and should be read in conjunction with this Statement of Movement in Trust Funds.
Balance Sheet as at 31 March 1996
| Source of funds— | Note | 1996 | 1995 |
| | | $000 | $000 |
|--------------------------------|------|-------|-------|
| Trust funds— | | | |
| Capital | 7 | 44,320| 44,320|
| Investment revaluation reserve | 6 | 52,081| 39,617|
| Charitable purposes reserve fund| 6 | 10,244| 8,638|
| General reserve | 6 | 1,000 | 1,000 |
| Uncommitted surplus | | 1,172 | 848 |
| | |108,817| 94,423|
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VUW Te Waharoa —
NZ Gazette 1996, No 76
NZLII —
NZ Gazette 1996, No 76
✨ LLM interpretation of page content
💰 ASB Bank Community Trust Statement of Income and Expenditure
💰 Finance & RevenueIncome, Expenditure, Dividends, Donations, Trust Funds
💰 ASB Bank Community Trust Statement of Movement in Trust Funds
💰 Finance & RevenueTrust Funds, Surplus, Financial Year
💰 ASB Bank Community Trust Balance Sheet
💰 Finance & RevenueBalance Sheet, Trust Funds, Capital, Reserves