New Zealand Gazette – 1998 – No. 100

Page 2310

✨ Financial Statements

2310 NEW ZEALAND GAZETTE No. 100

Donations to charitable organisations ... ... ... ... ... ... ... ... ... ... (20,252) 1998 $000 1997 $000
(15,927)
Net cash outflow from operating activities ... ... ... ... ... ... ... ... ... (23,169) (18,497)
Cash flows from investing activities—
Cash was provided from:
Bond maturity ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 100 0
Sale of fixed assets ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15 5
115 5
Cash was disbursed on:
Purchase of fixed assets ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... (73) (63)
Net cash inflow/(outflow) from investing activities ... ... ... ... ... ... ... (73) 42 (58)
Net cash outflow from activities ... ... ... ... ... ... ... ... ... ... ... ... (351) (543)
Add opening cash brought forward ... ... ... ... ... ... ... ... ... ... ... ... 943 1,486
Ending cash carried forward ... ... ... ... ... ... ... ... ... ... ... ... ... $592 $943

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

Reconciliation of Reported Surplus to Net Cash Flow From Operating Activities

                                                                              1998 $000          1997 $000

Reported surplus ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 55,209 27,884
Add non-cash items:
Depreciation ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 85 79
Unrealised movement on bonds ... ... ... ... ... ... ... ... ... ... ... ... ... 4 1
Movements in working capital items:
Increase in creditors ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2 90
Decrease in committed donations ... ... ... ... ... ... ... ... ... ... ... ... (376) (3,898)
Decrease/(increase) in ASB Bank Community Trust ... ... ... ... ... ... ... ... 11 (49)
Decrease in debtors ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15 6
Decrease in other assets ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2 1
Movements in investments:
Loss on disposal of fixed assets ... ... ... ... ... ... ... ... ... ... ... ... 2 12
Less fund managers’ income reinvested by fund managers ... ... ... ... ... ... (55,347) (24,611)
Net cash outflow from operating activities ... ... ... ... ... ... ... ... ... $(393) $(485)

Notes to the Financial Statements for the Year Ended 31 March 1998

1. Statement of Accounting Policies

The ASB Charitable Trust (“the trust”) was formed on 31 May 1989 through the creation of a trust deed by the ASB Bank Community Trust and a donation of $252,000,000.

The measurement basis adopted is that of historical cost adjusted for the revaluation of certain assets. Reliance is placed on the fact that the trust is a going concern. The financial statements have been prepared in accordance with the requirements of the Financial Reporting Act 1993.

Bank
Bank is stated as the balance in the bank account rather than the balance as per the cash book.

Statement of Cash Flows
Cash comprises cash at bank and call deposits but does not include cash or deposits held by the fund managers. Therefore the statement of cash flows does not reflect the cash flows within the fund managers’ portfolios.

Depreciation
Depreciation is provided over the useful life of the assets. Buildings are depreciated on a straight line basis. Vehicle, office equipment and furniture are depreciated on a diminishing value basis. The rates used are those recommended by the Inland Revenue Department.

Dividends
Dividends are recognised as income when they are received by the trust and exclude imputation tax credits.

Donations
Donations are accounted for as they are distributed or committed to be distributed to eligible organisations as approved by the trustees.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1998, No 100

NZLII — NZ Gazette 1998, No 100

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Statement of Cash Flows for the Year Ended 31 March 1998 (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCash Flows, Financial Statement, ASB

💰 Reconciliation of Reported Surplus to Net Cash Flow From Operating Activities

Domain💰 Finance & Revenue
KeywordsReconciliation, Surplus, Cash Flow, Operating Activities

💰 Notes to the Financial Statements for the Year Ended 31 March 1998

Domain💰 Finance & Revenue
KeywordsAccounting Policies, Financial Statements, Trust

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.