Financial Statements




NEW ZEALAND GAZETTE

No. 100

Note 1998 $000 1997 $000
General reserve ... 6 1,000
Uncommitted surplus ... 2,082 1,120
145,789 123,681

Liabilities—

Bank overdraft ... | 9 | 0 |
ASB Charitable Trust ... | 52 | 63
Creditors ... | 11 | 12
Committed donations ... | 5 | 2,710 | 3,204
| | 2,782 | 3,279
| | $148,571 | $126,960

Employment of funds—

Investments—

Shares ... | 3 | 142,150 | 121,512
Other investments ... | 3 | 6,383 | 5,381
| | 148,533 | 126,893

Current assets—

Cash ... | 0 |
Cash—charitable purposes reserve fund ... | 0 | 20 | 10
Debtors ... | 38 | 15
Taxation ... | 0 | 22
| | 38 | 67
| | $148,571 | $126,960

Approved on behalf of the board:

JUDITH BASSETT, Chairperson.

WAARI WARD-HOLMES, Deputy Chairman.

Dated this 25th day of May 1998.

The notes to these financial statements form part of and should be read in conjunction with this balance sheet.

Statement of Cash Flows for the Year Ended 31 March 1998

| 1998 $000 | 1997 $000
--- | --- | ---

Cash flows from operating activities—

Cash was provided from:
Dividends received ... | 4,850 | 3,750
Interest received on investments ... | 423 | 407
Net charitable purposes reserve fund ... | 56 | 0
Taxes received ... | 116 | 0
Net G.S.T. ... | 0 | 4
| | 5,445 | 4,161

Cash was disbursed on:
Payment to suppliers, trustees and staff ... | (32) | (32)
Refunds to ASB Charitable Trust for the services of suppliers, trustees and staff ... | (440) | (371)
Net charitable purposes reserve fund ... | 0 | (372)
Donations to community organisations ... | (3,943) | (2,005)
Taxes paid ... | 0 | (156)
| | (4,415) | (2,936)

Net cash inflow from operating activities ... | 1,030 | 1,225



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✨ LLM interpretation of page content

💰 ASB Bank Community Trust Financial Statements (continued from previous page)

💰 Finance & Revenue
25 May 1998
Financial Statements, Income and Expenditure, Trust Funds, Balance Sheet
  • JUDITH BASSETT, Chairperson
  • WAARI WARD-HOLMES, Deputy Chairman

💰 Statement of Cash Flows for the Year Ended 31 March 1998

💰 Finance & Revenue
Cash Flows, Dividends, Interest, Charitable Funds, Taxes