25 JULY
NEW ZEALAND GAZETTE
1959

Liabilities—
ASB Charitable Trust ........................................ 14 0
Taxation .................................................. 41 0
Creditors ................................................ 40 62
Committed donations .................................... 1,245 687

                                                $110,157  $95,172

Employment of funds—
Investments—
Shares .............................................. 106,316 92,570
Other investments .................................... 3,457 2,399

                                                109,773   94,969

Current assets—
Cash ................................................ 29 27
Cash—charitable purposes reserve fund .................. 327 95
Debtors .............................................. 28 15
Taxation .............................................. 0 2
ASB Charitable Trust .................................. 0 64

                                                384     203
                                                ------- -------
                                                $110,157  $95,172

Approved on behalf of the board:
JUDITH BASSETT, Chairperson.
WAARI WARD-HOLMES, Deputy Chairman.
Dated this 31st day of May 1996.

The notes to these financial statements form part of and should be read in conjunction with this Balance Sheet.

Statement of Cash Flows for the Year Ended 31 March 1996

Cash flows from operating activities
Cash was provided from:
Refund of expenses by ASB Charitable Trust .............. 294 556
Dividends received .................................... 3,300 2,600
Decrease in bonds ...................................... 0 336
Interest received on investments ....................... 239 133
Donation from ASB Charitable Trust ..................... 0 4,075

                                                3,833   7,700

Cash was disbursed on:
Increase in term deposits ........................... (861) (1,307)
Payment to suppliers, trustees and staff .............. (655) (974)
Charitable purposes reserve fund ..................... (232) (90)
Donations to voluntary organisations ................. (1,859) (1,309)
G.S.T. received/(paid) ............................... 6 (2)
Tax (paid)/received ................................ (20) 15

                                                (3,621) (3,667)

Net cash inflow from operating activities ............. 212 4,033

Cash flows from investing activities—
ASB Bank Limited capital call ........................ 0 (4,075)

Net cash outflow from investing activities ............ 0 (4,075)

Net cash inflow/(outflow) from activities ............. 212 (42)
Add opening cash brought forward ...................... 227 269

Ending cash carried forward .......................... $439 $227

The notes to these financial statements form part of and should be read in conjunction with this Statement of Cash Flows.

Reconciliation of Reported Surplus to Net Cash Flow from Operating Activities

Net surplus ........................................ 14,394 15,293
Add non-cash items:
Unrealised investment revaluations .................. (13,746) (10,603)