✨ Financial Statements
25 JULY NEW ZEALAND GAZETTE
1996
$
28,199,600
1995
$
(19,934,200)
Increase (decrease) in revaluation reserve
Equity at end of the year ........................................................ $149,202,739 $115,519,085
These financial statements must be read in conjunction with the notes shown.
Statement of Financial Position as at 31 March 1996
| Note | 1996 $ | 1995 $ |
|---|---|---|
| Trust capital— | ||
| Capital fund ................................................ | 21,316,622 | 21,316,622 |
| Retained income .......................................... | 25,913,846 | 20,429,792 |
| Shares in TBNZ Limited—revaluation reserve .......... | 3 | 101,972,271 |
| 149,202,739 | 115,519,085 |
Current liabilities—
| Payables ............................................................... | 4 | 277,372 | 83,442 |
| | $149,480,111 | $115,602,527 |
Represented by:
Current assets
| Trust Bank Waikato—cheque account ............................... | 30,418 | 517 |
| Trust Bank Waikato—call account ................................ | 1,314,272 | 173,441 |
| Trust Bank Waikato—term deposits ............................... | 1,846,265 | — |
| Investment in Waikato Community Trust Charities Limited .. | 5 | 3,190,955 | 173,959 |
| Investments ............................................................ | 6 | 146,252,808 | 115,427,264 |
| Fixed assets ........................................................... | 34,468 | — |
| | $149,480,111 | $115,602,527 |
Signed on behalf of the trustees:
D. J. BRAITHWAITE, Chairperson.
J. A. GRACE, Trustee.
Dated this 20th day of June 1996.
Statement of Cash Flows for the Year Ended 31 March 1996
| Note | 1996 $ | 1995 $ |
|---|---|---|
| Cash flow from operating activities— | ||
| Cash was provided from: | ||
| Dividends ............................................................... | 5,104,970 | 3,231,800 |
| Other investment income ......................................... | 1,178,409 | 1,306,047 |
| 6,283,379 | 4,537,847 |
Cash was disbursed to:
| Donations .............................................................. | 1,570,575 | 1,131,575 |
| Payments to suppliers and trustees ........................... | 396,586 | 207,451 |
| | 1,967,161 | 1,339,026 |
Net cash flow from operating activities ....................... | 8 | 4,316,218 | 3,198,821 |
Cash flow from investing activities—
Cash was applied to:
| Net increase in investments ........................................ | 4,246,960 | 3,206,823 |
| Purchase of fixed assets .......................................... | 39,358 | — |
| Net cash flow from investing activities ....................... | 4,286,318 | 3,206,823 |
Net increase (decrease) in cash held ............................... | 29,900 | (8,002) |
| Cash at beginning of the year ..................................... | 518 | 8,520 |
| Cash at end of the year ............................................. | $30,418 | $518 |
Notes to the Financial Statements for the Year Ended 31 March 1996
1. Statement of Accounting Policies
Basis of Reporting
The financial statements presented here are for Trust Bank Waikato Community Trust and have been prepared in accordance with the requirements of the New Zealand Society of Accountants for the measurement and reporting of profit on an historical cost basis with the exception of certain items for which the specific accounting policies are identified.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1996, No 76
NZLII —
NZ Gazette 1996, No 76
✨ LLM interpretation of page content
💰
Trust Bank Waikato Community Trust Financial Statements
(continued from previous page)
💰 Finance & Revenue20 June 1996
Financial Statements, Trust Funds, Donations, Audit Report, Hamilton
- D. J. Braithwaite, Chairperson
- J. A. Grace, Trustee