New Zealand Gazette – 1997 – No. 73

Page 1799

✨ Financial Statements



17 JULY NEW ZEALAND GAZETTE 1799

Group Parent
1997 1996 1997 1996
$ $ $ $
Bank charges ... 60 8 60 8
Community Trusts Investments Limited—share of costs ... 101,045 28,785 101,045 28,785
Conference ... 1,301 1,360 1,301 1,360
Computer ... 84 — 84 —
Tax advice ... 10,688 225 10,688 225
General insurance ... 361 — 361 —
General ... 1,694 4,573 1,266 3,996
Donation stationery and advertising ... 17,462 15,222 17,462 15,222
Funds management services ... 111,132 209,150 111,132 209,150
Investment advisory services ... 75,706 57,780 75,706 57,780
Memberships ... 338 338 338 338
Office disbursements, photocopying and postage ... 6,687 3,186 6,687 3,186
Office stationery ... 3,617 9,261 3,617 9,261
Publications ... 261 1,311 261 1,311
Office rent ... 9,890 2,608 9,890 2,608
Recruitment ... — 9,735 — 9,735
Statutory reporting—printing and publishing ... 9,807 — 9,807 —
Telephone and tolls ... 4,273 1,518 4,273 1,518
Training ... 613 — 613 —
Travel ... 59,994 7,965 59,994 7,965
Trustees fees ... 42,450 36,646 42,450 36,646
Vehicle ... 2,654 — 2,654 —
Wages ... 63,333 30,050 63,333 30,050
545,773 455,552 545,345 454,975
Depreciation ... 11,423 4,890 11,423 4,890
Total expenses ... 557,196 460,442 556,768 459,865
Net income before distributions ... 15,795,474 5,822,937 15,795,902 5,823,514
Less distributions—
Beneficiaries income distributed to Waikato Community Trust
Charities Limited ... — — 11,328,698 —
Donations ... 1,139,400 1,706,125 1,139,400 1,706,125
1,139,400 1,706,125 12,468,098 1,706,125
Net income after distributions ... 14,656,074 4,116,812 3,327,804 4,117,389
Realised gain on sale of TBNZ Limited shares ... 18,496,942 — 18,496,942 —
Foreign exchange gain ... 41,149 — 41,149 —
Realised gain on sale of investments ... 479,381 1,366,656 479,381 1,366,656
Net surplus before income tax ... 33,673,546 5,483,468 22,345,276 5,484,045
Less provision for taxation ... — — — —
Net surplus retained as trustees income ... $33,673,546 $5,483,468 $22,345,276 $5,484,045

These financial statements must be read in conjunction with the notes shown.

Consolidated Statement of Movements in Equity for the Year Ended 31 March 1997

Group Parent
1997 1996 1997 1996
$ $ $ $
Equity at start of the year ... 149,200,850 115,517,782 149,202,730 115,519,085
Less donations paid from capital ... (911,350) — (911,350) —
Net surplus for the year ... 33,673,546 5,483,468 22,345,276 5,484,045
Increase in revaluation reserve ... — 28,199,600 — 28,199,600
Equity at end of the year ... $181,963,046 $149,200,850 $170,636,656 $149,202,730

These financial statements must be read in conjunction with the notes shown.

Consolidated Statement of Financial Position as at 31 March 1997

Group Parent
Notes 1997 1996 1997 1996
$ $ $ $
Trust capital ... 181,963,046 149,200,850 170,636,656 149,202,730
Current liabilities—
Accounts payable ... 112,570 72,382 112,570 72,382



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✨ LLM interpretation of page content

💰 Consolidated Statement of Financial Performance for the Year Ended 31 March 1997 (continued from previous page)

💰 Finance & Revenue
Financial Performance, Income, Expenses, Dividends, Interest

💰 Consolidated Statement of Movements in Equity for the Year Ended 31 March 1997

💰 Finance & Revenue
Equity, Donations, Net Surplus, Revaluation Reserve

💰 Consolidated Statement of Financial Position as at 31 March 1997

💰 Finance & Revenue
Trust Capital, Current Liabilities, Accounts Payable