✨ 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 & RevenueTrust Funds, Donations, Surplus, Financial Movement
💰 Consolidated Statement of Financial Position as at 31 March 1997
💰 Finance & Revenue3 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 & RevenueCash Flows, Operating Activities, Investing Activities, Managed Funds, Donations
NZ Gazette 1997, No 79