7 AUGUST NEW ZEALAND GAZETTE 2035

Interest Rate Risk

The following investments of the trust are sensitive to changes in interest rate : bank call accounts and term deposits and Government and local authority securities.

15. Capital Profit on Sale of Investments

The capital profit arose from the difference between the book value of Trustbank New Zealand Limited shares of $7,389,000 and the amount received from them as realisation of these shares of $32,087,148.

Audit Report to the Readers of the Financial Report of Trust Bank South Canterbury Community Trust Inc.

We have audited the financial report. The financial report provides information about the past financial performance of the trust and its financial position as at 31 March 1997. The information is stated in accordance with the accounting policies as outlined.

Board of Trustee Responsibilities

The board of trustees are responsible for the preparation of a financial report which gives a true and fair view of the financial position of the trust as at 31 March 1997 and of the results of operations and cash flows for the year ended 31 March 1997.

Auditor’s Responsibilities

It is our responsibility to express an independent opinion on the financial report presented by the trust and report our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also includes assessing:

• the significant estimates and judgments made by the board of trustees in the preparation of the financial report, and
• whether the accounting policies are appropriate to the trust circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with generally accepted auditing standards in New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial report is free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial report.

Other than in the normal course of business and in our capacity as auditors we have no relationship with or interests in the trust.

Unqualified Opinion

We have obtained all the information and explanations we have required.

In our opinion:

• proper accounting records have been kept by the trust as far as appears from our examination of those records; and
• the financial report complies with generally accepted accounting practice and gives a true and fair view of the financial position of the trust as at 31 March 1997 and the results of its operations and cash flows for the year ended on that date.

Our audit was completed on 11 July 1997 and our unqualified opinion is expressed as at that date.

MARTIN WAKEFIELD, Auditor.
Timaru.

The Hon. Minister of Finance has directed that the Trust Bank South Canterbury Community Trust Inc., need not publish the full list of its donations but a copy of the list is available to anyone upon request to the chairperson, Trust Bank South Canterbury Community Trust Inc., P.O. Box 591, Timaru, or from the office of the Secretary, 39 George Street, Timaru.

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Index

B
Bankruptcy Notices—
Notices: 1984, 1985.

C
Children, Young Persons, and Their Families Act—
Revocation of approval as a community service
Heretaunga Maori Executive Council: 2008.
Civil Aviation Act—
Airworthiness directives: 2014.
Companies Act—
Amalgamation of companies
Brighthouse Ltd., 2005; Britannia Brands Holdings NZ Ltd., 2005.

Carter’s Hardware Ltd., 2005.
Gasson Hardware Ltd., 2005; Griffins Foods Ltd., 2005.
Cessation of business in New Zealand
J M J Fleet Management Pty Ltd., 2003.
Company removals list notices: 1998, 1999.
Notice of filing of statements of account and audit office reports
Tan-Tastic Holdings Ltd., 2000.
Universal Guaranteed Assurance Ltd., 2000.
Purchase of a trading name
Sea Breeze Fashions (New Zealand) Ltd., 1994.
Removals notices:
Antrev Holdings Ltd., 2000.
Bain & Company New Zealand Ltd., 2000; Bay Marquee (1990) Ltd., 2000; Bay of Islands Marine Ltd., 2002; Boodle Properties Ltd., 2001.