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|



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1996, No 76


NZLII PDF NZ Gazette 1996, No 76





✨ LLM interpretation of page content

💰 ASB Bank Community Trust Statement of Income and Expenditure

💰 Finance & Revenue
Income, Expenditure, Dividends, Donations, Trust Funds

💰 ASB Bank Community Trust Statement of Movement in Trust Funds

💰 Finance & Revenue
Trust Funds, Surplus, Financial Year

💰 ASB Bank Community Trust Balance Sheet

💰 Finance & Revenue
Balance Sheet, Trust Funds, Capital, Reserves