✨ Financial Statements
NEW ZEALAND GAZETTE
No. 79
ASB Bank Community Trust
Trustee Banks Restructuring Act 1988
Statement of Income and Expenditure for the Year Ended 31 March 1997
| Note | 1997 | 1996 | |
|---|---|---|---|
| $000 | $000 | ||
| Income— | |||
| Dividends | 3,750 | 3,300 | |
| Other investments | 2 | 396 | 252 |
| 4,146 | 3,552 | ||
| Committed donations | 5 | 3,965 | 2,417 |
| 181 | 1,135 |
Expenditure—
| | | | |
| Audit | 6 | 7 | 7 |
| Facilities rental | | 32 | 35 |
| Legal | | 2 | 9 |
| Occupancy | | 23 | 20 |
| Other operating | | 53 | 52 |
| Public and statutory reporting | | 55 | 56 |
| Staff | | 189 | 187 |
| Trustees’ fees | | 51 | 48 |
| Trustees’ expenses | | 9 | 10 |
| | | 420 | 424 |
| Investment revaluations| 3 | (239) | 711 |
| Surplus before tax | | 15,196| 13,746|
| Taxation | 4 | 93 | 63 |
| Net surplus | | $14,864| $14,394|
The Net Surplus has been allocated as follows:
| 6 | 1997 | 1996 | |
|---|---|---|---|
| Investment reserve | 13,778 | 12,464 | |
| Charitable purposes reserve fund | 1,138 | 1,606 | |
| Uncommitted (deficit)/surplus | (52) | 324 | |
| $14,864 | $14,394 |
The notes to these financial statements form part of and should be read in conjunction with this statement of income and expenditure.
Statement of Movement in Trust Funds for the Year Ended 31 March 1997
| 1997 | 1996 | |
|---|---|---|
| $000 | $000 | |
| Total trust funds at beginning of year | 108,817 | 94,423 |
| Net surplus | 14,864 | 14,394 |
| Total trust funds at end of year | $123,681 | $108,817 |
The notes to these financial statements form part of and should be read in conjunction with this statement of movement in trust funds.
Balance Sheet as at 31 March 1997
| Source of funds— | Note | 1997 | 1996 |
|---|---|---|---|
| $000 | $000 | ||
| Trust funds— | |||
| Capital | 7 | 44,320 | 44,320 |
| Investment reserve | 6 | 65,859 | 52,081 |
| Charitable purposes reserve fund | 6 | 11,382 | 10,244 |
| General reserve | 6 | 1,000 | 1,000 |
| Uncommitted surplus | 1,120 | 1,172 | |
| 123,681 | 108,817 |
| Liabilities— | | | |
| ASB Charitable Trust | 63 | | 14 |
| Taxation | | 0 | 41 |
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NZ Gazette 1997, No 79
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💰 ASB Bank Community Trust Financial Statements
💰 Finance & RevenueIncome, Expenditure, Trust Funds, Balance Sheet, ASB Bank Community Trust