✨ Financial Statements
NEW ZEALAND GAZETTE
No. 100
West Coast Community Trust Balance Sheet as at 31 March 1998
| This Year $ | Last Year $ | |
|---|---|---|
| Current assets— | ||
| ASB Bank Limited | 10,955 | 28,875 |
| Accrued interest | 136,537 | 170,840 |
| Total current assets | 147,492 | 199,715 |
| Investments— | | |
| Bank of New Zealand Limited | 305,746 | 739,581 |
| ASB Bank Limited | 2,690,000 | 1,700,000 |
| National Bank Limited | — | 800,000 |
| Westpac Banking Corporation Limited | 940,000 | 455,000 |
| TCNZ Finance Limited | 50,000 | 50,000 |
| Lion Nathan Limited | — | 50,000 |
| Wrightson Finance Limited | — | 443,524 |
| Total investments | 4,472,227 | 4,238,105 |
| Fixed assets— | | |
| Office equipment | 322 | 873 |
| Total fixed assets | 322 | 873 |
| Total assets | 4,580,787 | 4,438,693 |
| Less liabilities— | | |
| Sundry creditors | 753 | 205 |
| Total assets less liabilities | 4,580,034 | 4,438,488 |
| Represented by: | | |
| Accumulated funds— | | |
| Opening balance | 4,438,488 | 4,280,751 |
| Add retained surplus for year| 141,546 | 157,737 |
| Total accumulated funds | 4,580,034 | 4,438,488 |
J. KEENAN, Q.S.O., J.P., Trustee.
J. DOLAND, Trustee.
These financial statements are to be read in conjunction with the attached notes.
West Coast Community Trust Income and Expenditure Account for the Year Ended 31 March 1998
| This Year $ | Last Year $ | |
|---|---|---|
| Income— | ||
| Interest received— | ||
| ASB Bank Limited | 160,923 | 98,165 |
| National Bank Limited | 47,819 | 102,319 |
| Bank of New Zealand Limited | 28,932 | 68,492 |
| Westpac Banking Corporation Limited | 70,200 | 37,659 |
| TCNZ Finance Limited | 4,837 | 4,850 |
| Lion Nathan Limited | 2,681 | 6,395 |
| Wrightson Finance Limited | 34,703 | 34,413 |
| St Mary’s Club | — | 30 |
| Total gross income | 350,095 | 352,323 |
| Less expenses— | | |
| Advertising | 3,118 | 2,716 |
| Accident compensation levies | 103 | 102 |
| Bank charges | 34 | 22 |
| Catering/hall hire | 328 | 263 |
| Photocopying | 57 | 39 |
| Postages | 399 | 463 |
| Printing and stationery | 448 | 1,138 |
| Accountancy and audit fees | 2,002 | 1,785 |
| Remuneration—trustees | 12,570 | 10,340 |
| Secretarial fee | 7,200 | 7,200 |
| Travelling expenses | 4,229 | 3,873 |
| Telephone and tolls | 10 | 9 |
| Total expenses | 30,498 | 27,950 |
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VUW Te Waharoa —
NZ Gazette 1998, No 100
NZLII —
NZ Gazette 1998, No 100
✨ LLM interpretation of page content
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West Coast Community Trust Balance Sheet
(continued from previous page)
💰 Finance & RevenueBalance Sheet, Assets, Liabilities, Investments, Trust
- J. Keenan, Q.S.O., J.P., Trustee
- J. Doland, Trustee
💰 West Coast Community Trust Income and Expenditure Account
💰 Finance & RevenueIncome, Expenditure, Interest, Expenses, Trust