Financial Statements




31 JULY

NEW ZEALAND GAZETTE

1955

The notes to these financial statements form part of and should be read in conjunction with this consolidated statement of movement in trust funds.

Consolidated Statement of Financial Position as at 31 March 1997

Note 1997 $000 1996 $000
Source of funds—
Trust funds 4 157,889 135,439
Liabilities—
Creditors 131 76
Committed donations 3 1,402
131 1,478
$158,020 $136,917

Employment of funds—

Current assets—
| | | | |
| Current account | 287 | | 185 |
| Short term deposits | 51,403| | 4,076 |
| Debtors | 207 | | 65 |
| | | 51,897 | 4,326 |

Investments—
| Long term investment | 5 | — | 59,280 |
| Managed funds | 6 | 106,093 | 73,289 |
| | | 106,093 | 132,569 |

Fixed assets | 7 | 30 | 22 |
| | | $158,020 | $136,917 |

Approved on behalf of the board:

CLIVE MATTHEWSON, Chairperson.

R. S. McKNIGHT, Trustee.

3 July 1997.

The notes to these financial statements form part of and should be read in conjunction with this consolidated statement of financial position.

Consolidated Statement of Cash Flows for the Year Ended 31 March 1997

1997 $000 1996 $000
Cash flows from operating activities—
Cash was provided from:
Managed funds 8,043 8,466
Dividends received 1,680 2,520
Interest received on investments 5,772 329
Other 30
15,495 11,345

Cash was disbursed on:
| Payment to suppliers and staff| 523 | 295 |
| Fund management | 239 | 217 |
| Donations to voluntary organisations| 2,922 | 2,337 |
| Managed funds reinvested | 7,804 | 8,249 |
| | 11,488 | 11,098 |

Net cash inflow from operating activities | 4,007 | 247 |

Cash flows from investing activities—
| Cash was provided from: | | |
| Decrease in investment | 68,439 | — |

Cash was disbursed on:
| Purchase of term deposits | 47,327 | 347 |
| Purchase of managed funds | 25,000 | — |
| Purchase of fixed assets | 17 | 27 |
| | 72,344 | 374 |

Net cash outflow from investing activities | (3,905) | (374) |

Net increase/(decrease) in cash held | 102 | (127) |



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✨ LLM interpretation of page content

💰 Consolidated Statement of Movement in Trust Funds for the Year Ended 31 March 1997 (continued from previous page)

💰 Finance & Revenue
Trust Funds, Donations, Surplus, Financial Movement

💰 Consolidated Statement of Financial Position as at 31 March 1997

💰 Finance & Revenue
3 July 1997
Financial Position, Trust Funds, Liabilities, Assets, Investments
  • CLIVE MATTHEWSON, Chairperson
  • R. S. McKNIGHT, Trustee

💰 Consolidated Statement of Cash Flows for the Year Ended 31 March 1997

💰 Finance & Revenue
Cash Flows, Operating Activities, Investing Activities, Managed Funds, Donations