✨ Financial Statements
NEW ZEALAND GAZETTE
No. 75
1874
| 1997 $ | |
|---|---|
| Donations returned and other income | 2,285 |
| 31,545,469 |
Cash was applied to:
Payments to suppliers ... (274,913)
Payments to trustees ... (25,317)
Donations to community ... (2,059,405)
Net inflow (outflow) from operating activities | 29,185,834
Cash flows from investing activities—
Cash was applied to:
Purchase of fixed assets ... (1,166)
Purchase of investments ... (7,444,942)
Realisation of revaluation reserve ... (22,162,500)
Net inflow (outflow) from investing activities | (29,608,608)
Cash flows from financing activities—
Cash was provided from:
Issue of shares |
Cash was applied to:
Repayment of dividends |
Net inflow (outflow) from financing activities |
Net increase (decrease) in cash held | (422,774)
Opening cash brought forward | 792,441
Closing cash carried forward | $369,667
Shown in statement of financial position as:
Deposits—Trust Bank Wellington | 363,335
Cash at bank—Trust Bank Wellington | 6,332
Closing cash carried forward | $369,667
| 1996 $ | |
|---|---|
| Donations returned and other income | 1,373 |
| 1,243,389 |
Cash was applied to:
Payments to suppliers ... (144,468)
Payments to trustees ... (14,900)
Donations to community ... (942,859)
Net inflow (outflow) from operating activities | 141,162
Cash flows from investing activities— |
Net inflow (outflow) from investing activities |
Net increase (decrease) in cash held | 141,162
Opening cash brought forward | 651,279
Closing cash carried forward | $792,441
Shown in statement of financial position as:
Deposits—Trust Bank Wellington | 787,725
Cash at bank—Trust Bank Wellington | 4,716
Closing cash carried forward | $792,441
Notes to the Financial Statements for the Year Ended 31 March 1997
1. Statement of Accounting Policies
Reporting Entity
The financial statements presented here are for the reporting entity Trust Bank Wellington Community Trust. The entity is an incorporated charitable trust under the Charitable Trusts Act 1957.
Reporting Basis
The trustees have chosen to prepare general purpose financial reports which comply with generally accepted accounting practice.
Measurement Base
The measurement base adopted is historical cost with the exception of certain items for which specified accounting policies are identified.
Accounts Receivable
Accounts receivable are stated at expected realised value.
Dividend Income
Dividend income from Trust Bank New Zealand Limited is included in the statement of financial performance when it is received.
Donations
Donations made are included in the statement of financial performance when paid.
Fixed Assets
Fixed assets are stated at cost less accumulated depreciation.
Depreciation
Depreciation is charged at the maximum rates allowable by the Inland Revenue Department. The tax rates are as follows:
- Computer equipment: 24–30 percent CP
- Filing cabinets: 14.40 percent DV
Changes in Accounting Policies
There have been no changes in accounting policies. All policies have been applied on bases consistent with those used in previous years.
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NZ Gazette 1997, No 75
✨ LLM interpretation of page content
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Trust Bank Wellington Community Trust Financial Performance for the Year Ended 31 March 1997
(continued from previous page)
💰 Finance & Revenue26 June 1997
Financial Performance, Trust Bank, Wellington Community Trust, Income, Expenses, Donations, Equity, Assets, Liabilities, Cash Flows