✨ Financial Statements
6 AUGUST
NEW ZEALAND GAZETTE
2643
Force Green projects. The trust continues its support for disabled students pursuing tertiary education with $28,250 through the Dillon Scholarship scheme.
Your trust is in a sound financial position and the income has been used to help many organisations in the Bay of Plenty pursue their objectives in making the Bay of Plenty a better place to live.
To my fellow trustees I extend a very sincere thank you for the extensive hours worked on trust business during a challenging and interesting year. Special thanks go to our retiring trustee Margaret Rex-Benner after serving 4 years with the trust. My thanks also to the trust manager and staff, Bruce Cronin and Susan Northey for their significant contribution to the trust’s successful 1998 year.
ROB TAIT, Chairman.
Dated this 24th day of June 1998.
Consolidated Statement of Financial Performance for the Year Ended 31 March 1998
| 1998 | 1997 | |
|---|---|---|
| $(000) | $(000) | |
| Income— | ||
| Dividends | 2 | — |
| Interest | 7,268 | 2,140 |
| Other investment income (including unrealised income) | 3,321 | 7,405 |
| Other income and receipts | 17 | 1 |
| 10,606 | 9,546 |
Less expenditure—
| Advertising | 15 | 11 |
| Audit fees | 18 | 4 |
| Office administration | 143 | 107 |
| Office rental | 11 | 13 |
| Other administration costs | 129 | 219 |
| Trustees’ fees | 66 | 66 |
| Trustees expenses | 37 | 33 |
| Preliminary expenses written off | 2 | — |
| | 421 | 453 |
| Depreciation | 12 | 14 |
| Total operating costs | 543 | 467 |
| Net surplus before donations | 10,173 | 9,079 |
| Donations— | | |
| Donations round | 1,854 | — |
| Business grow | 90 | — |
| Task Force Green | 100 | — |
| | 2,044 | — |
| Net surplus after donations | 8,129 | 9,079 |
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Movements in Equity for the Year Ended 31 March 1998
| 1998 | 1997 | |
|---|---|---|
| $(000) | $(000) | |
| Equity at 1 April 1997 | 97,494 | 79,716 |
Less donations paid from capital:
| Special donations | — | (61) |
| Donations round | (302) | (2,133) |
| Business grow | — | (86) |
| Task Force Green | (28) | (100) |
| Dillon Scholarship | — | (9) |
| | $97,164 | $77,327 |
| Net surplus for the year | 8,129 | 9,079 |
| Increase in revaluation reserve | — | 23 |
| Capital profit on sale of TBNZ shares | — | 11,065 |
| Total recognised revenue and expenses for the year | 8,129 | 20,167 |
| Equity at 31 March 1998 | $105,293 | $97,494 |
(The accompanying notes form part of these financial statements.)
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1998, No 107
NZLII —
NZ Gazette 1998, No 107
✨ LLM interpretation of page content
🏢 Bay of Plenty Community Trust Incorporated Annual Report for the Year Ended 31 March 1998
🏢 State Enterprises & Insurance24 June 1998
Community Trust, Annual Report, Charitable Trust, Bay of Plenty, Financial Summary
- Margaret Rex-Benner, Retiring trustee
- Bruce Cronin, Trust manager
- Susan Northey, Trust staff
- ROB TAIT, Chairman