✨ Financial Statements
2030 NEW ZEALAND GAZETTE No. 83
Consolidated Statement of Financial Performance for the Year Ended 31 March 1997
| Note | 1997 $ | 1996 $ |
|---|---|---|
| Income— | ||
| Interest | 2,707,813 | 93,309 |
| Dividends | — | 1,134,000 |
| Total revenue | 2,707,813 | 1,227,309 |
| Less expenditure— | ||
| Advertising | 20,649 | 18,068 |
| Auditor’s fees | 1,571 | 481 |
| Investment administration | 26,001 | — |
| Legal fees | 2,541 | 928 |
| Postage and tolls | 1,355 | 746 |
| Printing and stationery | 4,350 | 2,804 |
| Secretarial and accountancy fees | 28,948 | 25,254 |
| Sundry administration expenses | 3,567 | 189 |
| Travelling expenses | 9,922 | 3,225 |
| Trustee’s fees | 15,339 | 11,953 |
| Depreciation - marques | 8 3,966 | 2,642 |
| Write off of debit balance in revaluation reserve | 5 60,208 | — |
| Total expenditure | 178,417 | 66,290 |
| Net income before donations | 2,529,396 | 1,161,019 |
| Less donations paid | (1,780,854) | (470,653) |
| Less donations approved not yet paid | 9 (751,496) | (95,120) |
| Transfer from/(to) endowment fund | 13 10,525 | (5,000) |
| Net income after donations | 7,571 | 590,246 |
| Plus capital profit on sale of investments | 24,698,148 | — |
| Surplus transferred to the trust fund | $24,705,719 | $590,246 |
Consolidated Statement of Movements in Equity for the Year Ended 31 March 1997
| 1997 $ | 1996 $ | |
|---|---|---|
| Opening equity | 8,760,245 | 8,142,997 |
| Net surplus for year | 24,705,719 | 590,246 |
| Transfer (from)/to endowment fund | (27,002) | 27,002 |
| Total recognised revenues and expenses for the year | 24,678,717 | 617,248 |
| Closing equity | $33,438,962 | $8,760,245 |
Consolidated Statement of Financial Position as at 31 March 1997
| Notes | 1997 $ | 1996 $ |
|---|---|---|
| Trust capital— | ||
| Capital fund | 7,389,000 | 7,389,000 |
| Capital reserve | 4 24,698,148 | — |
| Undistributed income | 3 1,351,814 | 1,344,243 |
| Balance 31 March 1997 | $33,438,962 | $8,733,243 |
| Endowment fund capital | 13 — | 27,002 |
| Represented by: | $33,438,962 | $8,760,245 |
| Current assets— | | |
| Westpac Trust— | | |
| Current account | 31,470 | 2,674 |
| Prime call account | 1,649 | 1,557 |
| Term deposits | 12,273,436 | 1,387,330 |
| National Bank of New Zealand – term deposits | 6,000,000 | — |
| ANZ Banking Group – term deposits | 8,892,007 | — |
| New Zealand Government stock – short term | 2,400,000 | — |
| Sundry debtors | 5,873 | 10,000 |
| Prepayments | 1,256 | — |
| Interest accrued | 66,450 | 19,771 |
| Interest accrued (endowment fund) | 13 — | 1,018 |
| Total current assets | 29,672,141 | 1,422,350 |
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NZ Gazette 1997, No 83
✨ LLM interpretation of page content
💰 Consolidated Statement of Financial Performance for the Year Ended 31 March 1997
💰 Finance & RevenueFinancial Performance, Income, Expenditure, Revenue, Donations, Surplus
💰 Consolidated Statement of Movements in Equity for the Year Ended 31 March 1997
💰 Finance & RevenueEquity, Surplus, Financial Movements, Trust Fund
💰 Consolidated Statement of Financial Position as at 31 March 1997
💰 Finance & RevenueFinancial Position, Assets, Liabilities, Capital Fund, Trust Capital