✨ Financial Statements
NEW ZEALAND GAZETTE
No. 79
Balance Sheet as at 31 March 1997
| Note | 1997 $000 | 1996 $000 | |
|---|---|---|---|
| Source of funds | |||
| Trust funds— | |||
| Capital | 5 | 251,786 | 251,786 |
| Capital maintenance reserve | 3 | 60,565 | 55,017 |
| General reserve | 3 | 58,000 | 38,000 |
| Retained surplus | 3,077 | 741 | |
| 373,428 | 345,544 |
| Liabilities | | | |
| Bank overdraft | 2 | 0 | 0 |
| Creditors | | 495 | 405 |
| Committed donations | 4 | 12,892 | 16,790 |
| | | 13,389 | 17,195 |
| Employment of funds | | | |
| Investments— | | | |
| Managed funds | 2 | 383,304 | 358,693 |
| Other investments | 2 | 1,158 | 1,697 |
| | | 384,462 | 360,390 |
| Current assets | | | |
| ASB Bank Community Trust | | 63 | 14 |
| Cash | | 0 | 3 |
| Debtors | 18 | - | 24 |
| Other assets | 23 | - | 24 |
| | | 104 | 65 |
| Fixed assets | 6 | 2,251 | 2,284 |
| | | $386,817 | $362,739 |
Approved on behalf of the board:
JUDITH BASSETT, Chairperson.
WAARI WARD-HOLMES, Deputy Chairman.
Dated this 26th day of May 1997.
The notes to these financial statements form part of and should be read in conjunction with this balance sheet.
Statement of Cash Flows for the Year Ended 31 March 1997
| 1997 $000 | 1996 $000 | |
|---|---|---|
| Cash flows from operating activities — | ||
| Cash was provided from: | ||
| Receipts from fund managers | 17,500 | 15,000 |
| Interest received on investments | 133 | 122 |
| Refunds of expenses by ASB Bank Community Trust | 371 | 0 |
| Net G.S.T. | 1 | 0 |
| Receipts from rentals | 7 | 74 |
| 18,012 | 15,196 |
| Cash was disbursed on: | | |
| Payment to suppliers, trustees and staff | (950) | (333) |
| Refunds to ASB Bank Community Trust for the services of suppliers, trustees and staff | 0 | (294) |
| Fund management and advisory fees | (1,620) | (1,609) |
| Donations to voluntary organisations | (15,927) | (13,262) |
| | (18,497) | (15,498) |
| Net cash outflow from operating activities | (485) | (302) |
| Cash flows from investing activities — | | |
| Cash was provided from: | | |
| Sale of investment property | 0 | 1,200 |
| Sale of fixed assets | 5 | 0 |
| | 5 | 1,200 |
| Cash was disbursed on: | | |
| Purchase of fixed assets | (63) | (4) |
| Improvements to land and buildings and investment properties | 0 | (121) |
| | (63) | (125) |
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NZ Gazette 1997, No 79
✨ LLM interpretation of page content
💰
ASB Charitable Trust Statement of Movement in Trust Funds
(continued from previous page)
💰 Finance & Revenue26 May 1997
Trust Funds, Financial Statements, ASB Charitable Trust
- JUDITH BASSETT, Chairperson
- WAARI WARD-HOLMES, Deputy Chairman
💰 ASB Charitable Trust Statement of Cash Flows
💰 Finance & RevenueCash Flows, Financial Statements, ASB Charitable Trust