30 JULY NEW ZEALAND GAZETTE 2303

A copy of the amendment may be purchased from the office of the Institute of Chartered Accountants of New Zealand, 40 Mercer Street (P.O. Box 11-342), Wellington and 27–33 Ohinerau Street (P.O. Box 3334), Remuera, Auckland.

Dated this 30th day of July 1998.

JOHN C. HAGEN, Chairman, Accounting Standards Review Board.

gn5283

ASB Bank Community Trust

Trustee Banks Restructuring Act 1988

Statement of Income and Expenditure for the Year Ended 31 March 1998

Income—
Dividends .................................................................................................. 2 4,850 3,750
Other investments .................................................................................... 438 396
5,288 4,146
Committed donations .............................................................................. 5 3,449 3,965
1,839 181

Expenditure—
Audit ..................................................................................................... 6 34 32
Facilities rental ....................................................................................... 1 38 23
Occupancy ............................................................................................. 2 71 53
Other operating ..................................................................................... 52 195 189
Public and statutory reporting .................................................................. 51 56 51
Staff ........................................................................................................ 9 9
Trustees’ fees .......................................................................................... 9 9
Trustees’ expenses .................................................................................. 9 9
462 420

Investment revaluations ........................................................................... 3 1,377 (239)
Surplus before tax .................................................................................. 4 20,638 15,196
Taxation .................................................................................................. (93) 93
Net surplus ............................................................................................... $22,108 $14,864

The net surplus has been allocated as follows:
Investment reserve ............................................................................... 6 18,714 13,778
Charitable purposes reserve fund ........................................................... 6 2,432 1,138
Uncommitted surplus/(deficit) .................................................................. 962 (52)
$22,108 $14,864

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

Statement of Movement in Trust Funds for the Year Ended 31 March 1998

Total trust funds at beginning of year ...................................................... 123,681 108,817
Net surplus ............................................................................................... 22,108 14,864
Total trust funds at end of year .................................................................. $145,789 $123,681

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

Balance Sheet as at 31 March 1998

Source of funds—
Trust funds—
Capital ................................................................................................. 7 44,320 44,320
Investment reserve ................................................................................ 6 84,573 65,859
Charitable purposes reserve fund ........................................................... 6 13,814 11,382