← Page 2036

New Zealand Gazette – 1996 – No. 78

Page 2037

Page 2038 →

✨ Financial Statements

1 AUGUST

NEW ZEALAND GAZETTE

2037

	1996 $	1995 $
Net cash flows from financing activities
Net increase in cash held ...	500,748	334,771
Add opening cash at 1 April 1995 ...	890,813	556,042
Cash as at 31 March 1996 ...	$1,391,561	$890,813

Cash at 31 March 1996 comprises the current account, the prime call account and the money market deposit account at Trust Bank South Canterbury.

Notes to the Financial Statements for the Year Ended 31 March 1996

1. Statement of Accounting Policies

Reporting Entity: The Trust Bank South Canterbury Community Trust Inc. is a charitable trust incorporated under the Trustee Banks Restructuring Act 1988. The financial statements have been prepared in accordance with the Financial Reporting Act 1993 and generally accepted accounting policies.

General Accounting Policies:
The general accounting policies adopted in the preparation of these financial statements are:

The measurement base adopted is the historical cost basis.
The matching of revenues earned and expenses incurred using accrual accounting except that dividend income is accounted for on a receipts basis.

Particular Accounting Policies:
The following are the particular accounting policies which have a material effect on the measurement of results and financial position:

(a) Dividend Income: Dividend income from Trust Bank New Zealand Limited is included in the income and expenditure account when it is received.

(b) Donations: Donations and special projects are included in the income and expenditure account on an accruals basis as from 1 April 1994. An accrual of $95,120 has been made for donations approved but not yet paid this year.

(d) Fixed Assets: Fixed assets are recorded at cost and depreciated on the straight line method based on the estimated life of the asset.

Changes in Accounting Policies:
There has been no material change in the accounting policies during this accounting year and all policies have been applied consistent with those used in the previous year.

2. Shares in Trust Bank New Zealand Limited

10 800 000 ordinary shares of 50 cents each at cost ... $7,389,000

The market value of the shares held in Trust Bank New Zealand Limited at 31 March 1996 at $2.47 per share was $26,676,000 (1995 @ $1.89 was $20,412,000).

3. Undistributed Income

	1996 $	1995 $
Balance brought forward ...	753,997	606,397
Plus current year's profits ...	590,246	147,600
	$1,344,243	$753,997

4. Long Term Advances—Interest Free

	1996 $	1995 $
Mid Canterbury Basketball Association—debenture repayment September 1996 ...	20,000	20,000
St Vianney's Home of Compassion ...	30,000	30,000
Timaru High Schools—hostel ...	-	2,000
	$50,000	$52,000

5. Taxation

For taxation purposes the trust is deemed to be a charitable organisation. Its income is not subject to taxation.

6. Goods and Services Tax

The trust is not registered for goods and services tax purposes. Accordingly these financial statements are stated on a G.S.T. inclusive basis.

7. Depreciation

Marquees were purchased for use by organisations in the community free of charge for galas, fetes and other fund raising activities. Depreciation has been written off on the straight line basis the life of the asset being estimated at 5 years.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1996, No 78

NZLII — NZ Gazette 1996, No 78

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Statement of Cash Flows for the Period Ended 31 March 1996 (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCash Flows, Operating Activities, Investing Activities, Dividends, Donations

💰 Notes to the Financial Statements for the Year Ended 31 March 1996

Domain💰 Finance & Revenue
KeywordsAccounting Policies, Dividend Income, Donations, Investments, Fixed Assets

💰 Shares in Trust Bank New Zealand Limited

Domain💰 Finance & Revenue
KeywordsShares, Market Value, Trust Bank New Zealand Limited

💰 Undistributed Income

Domain💰 Finance & Revenue
KeywordsUndistributed Income, Current Year Profits

💰 Long Term Advances—Interest Free

Domain💰 Finance & Revenue
KeywordsLong Term Advances, Interest Free, Mid Canterbury Basketball Association, St Vianney's Home of Compassion, Timaru High Schools

💰 Taxation

Domain💰 Finance & Revenue
KeywordsTaxation, Charitable Organisation

💰 Goods and Services Tax

Domain💰 Finance & Revenue
KeywordsGoods and Services Tax, GST Inclusive

💰 Depreciation

Domain💰 Finance & Revenue
KeywordsDepreciation, Marquees, Community Use

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.