✨ Financial Statements
2036
NEW ZEALAND GAZETTE
No. 78
Net income before donations ........................... 1,161,019 668,653
Less donations paid and approved ..................... 565,773 521,053
Contribution to endowment fund ....................... 5,000 -
Surplus transferred to the trust fund ................ $590,246 $147,600
(The notes to the financial statement form part of and are to be read in conjunction with the above account.)
Statement of Financial Position as at 31 March 1996
Trust funds—
Capital ...................................... 7,389,000 7,389,000
Undistributed income ........................... 1,344,243 753,997
Balance as at 31 March 1996 .................... 8,733,243 $8,142,997
Endowment fund capital ......................... 27,002 -
$8,760,245 $8,142,997
Represented by:
Current assets—
Trust Bank South Canterbury—
Current account ........................ 2,674 2,666
Prime call account ..................... 1,557 46,147
Money market account ................. 1,387,330 842,000
Sundry debtors ......................... 10,000 12,000
Interest accrued ....................... 19,771 21,036
Interest accrued (endowment fund) ...... 1,018 -
1,422,350 923,849
Less current liabilities—
Sundry creditors ......................... 35,935 36,340
Donations approved not yet paid ............ 95,120 192,120
Total current liabilities ................ 131,055 228,460
Working capital .............................. 1,291,295 695,389
Add non current assets—
Long term advances ....................... 50,000 52,000
Investments—
Shares in Trust Bank New Zealand Limited . 7,389,000 7,389,000
Endowment fund investments ............... 25,984 -
Fixed assets (after depreciation) marques 3,966 6,608
Net assets ................................... $8,760,245 $8,142,997
Signed on behalf of the board of trustees:
J. E. THOMPSON, Chairperson.
R. A. CARRUTHERS, Trustee.
Dated this 12th day of July 1996.
(The notes to the financial statement form part of and are to be read in conjunction with the above account.)
Statement of Cash Flows for the Period Ended 31 March 1996
Cash flows from operating activities—
Cash was provided from:
Interest on deposits ..................... 94,574 32,104
Dividends .............................. 1,134,000 675,000
Cash was applied to:
Suppliers of goods and services ........ (64,053) (43,400)
Donations paid ......................... (662,773) (328,933)
Contribution to endowment fund ........... (5,000) -
Net cash flows from operating activities ... 496,748 334,771
Cash flows from investing activities—
Cash was provided from:
Loan repayments—
Timaru High Schools—hostel ......... 4,000 -
St Vianney’s Home ................ - -
Cash was applied to:
Net cash flows from investing activities . 4,000 -
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VUW Te Waharoa —
NZ Gazette 1996, No 78
NZLII —
NZ Gazette 1996, No 78
✨ LLM interpretation of page content
💰
Statement of Financial Performance for the Year Ended 31 March 1996
(continued from previous page)
💰 Finance & RevenueFinancial Statement, Income, Expenditure, Dividends, Trust Bank
💰 Statement of Financial Position as at 31 March 1996
💰 Finance & Revenue12 July 1996
Financial Position, Assets, Liabilities, Trust Funds, Trust Bank
- J. E. Thompson, Chairperson
- R. A. Carruthers, Trustee
💰 Statement of Cash Flows for the Period Ended 31 March 1996
💰 Finance & RevenueCash Flows, Operating Activities, Investing Activities, Dividends, Donations