New Zealand Gazette – 1998 – No. 112

Page 2784

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 112

Note
1998
$
7,842,425

1997
$
2,937,640

Equity ...
Nett assets ...
$34,994,644 $33,438,962

Signed on behalf of the board of trustees:
J. E. THOMPSON, Chairperson.
R. A. CARRUTHERS, Trustee.
Dated this 23rd day of June 1998.

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

Cash flows from operating activities—

Cash was provided from:
Interest on deposits ... 1,939,082 2,662,152
Dividends ... 230,989 0
2,170,071 2,662,152

Cash was applied to:
Suppliers of goods and services ... (216,478) (116,495)
Donations paid ... (1,704,981) (1,835,974)
(1,921,459) (1,952,469)

Nett cash flows from operating activities ... 248,612 709,683

Cash flows from investing activities—

Cash was provided from:
Sale of Trust Bank New Zealand Limited shares ... 0 32,087,148
Redemption of Government stock ... 1,000,000 0
Loan repayment: St Vianney’s Home ... 0 20,000
Proceeds from endowment fund ... 0 23,358
1,000,000 32,130,506

Cash was applied to:
Purchase of local body stock ... (1,500,000) 0
Purchase of Australian shares ... (663,282) 0
Purchase of New Zealand Government stock ... (5,754,048) (4,007,081)
Purchase of New Zealand shares ... (2,497,290) (2,009,724)
Purchase of New Zealand property shares ... (846,534) (546,861)
Purchase of Australian property shares ... (674,723) (449,798)
Reimbursement of contribution from endowment fund ... (1,261,568) 0
Purchase of other debt investments ... (13,197,445) 0
(13,197,445) (7,033,188)

Nett cash flows from investing activities ... (12,197,445) 25,097,318
Increase/(decrease) in cash held ... (11,948,833) 25,807,001
Add opening cash 1 April 1997 ... 27,198,562 1,391,561
Cash as at 31 March 1998 ... $15,249,729 $27,198,562

Reconciliation of Net Surplus and Net Cash Flows From Operating Activities

1998 ### 1997

$ $

Net surplus transferred to equity ... 2,534,440 27,227,544

Add—
Revaluation reserve write-off ... 0 60,208
Depreciation—marquees ... 0 3,966
Loss on redemption of Government stock ... 29,041 0
2,563,481 27,291,718

Deduct—
Capital profit on TBNZ shares ... 0 24,698,148
Unrealised capital gain on equity investments ... 222,956 0
Donations paid ... 1,704,981 1,835,974

Movements in working capital—
Decrease in creditors ... 18,287 (22)
Increase in tax refund due ... 27,367 0
Increase in accrued interest ... 302,090 46,679
Increase in prepayments ... 12,514 1,256
(1,921,459) (1,952,469)



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1998, No 112


NZLII — PDF NZ Gazette 1998, No 112




✨ LLM interpretation of page content

💰 Annual Report and Consolidated Financial Statements for the Year Ended 31 March 1998 (continued from previous page)

💰 Finance & Revenue
23 June 1998
Community Trust, Mid and South Canterbury, Financial Statements, Charitable Trust, Trustee Banks Restructuring Act 1988
  • J. E. Thompson, Chairperson
  • R. A. Carruthers, Trustee

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

💰 Finance & Revenue
Cash Flows, Operating Activities, Investing Activities, Financial Statements

💰 Reconciliation of Net Surplus and Net Cash Flows From Operating Activities

💰 Finance & Revenue
Net Surplus, Cash Flows, Financial Reconciliation