✨ Financial Statements
11 JUNE
NEW ZEALAND GAZETTE
1775
Balance Sheet as at 31 March 1998
Accumulated funds—
Capital .................................................. 100 100
Initial gift ............................................. 10,000,000 10,000,000
Retained funds ......................................... 595,661 586,894
Total funds ............................................ $10,595,761 $10,586,994
Represented by:
Current assets—
Petty cash ............................................. 43 18
TSB Bank Limited ....................................... 47,539 7911
Accrued interest ....................................... 8,477 12,195
...................................................... 56,059 20,124
Less current liabilities—
Accrued charges ........................................ 10,298 10,397
Working capital ............................................ 45,761 9,727
Fixed assets ............................................... – 2,267
Investments—
Shares in TSB Bank Limited ............................. 10,000,000 10,000,000
TSB Bank Limited Investments ......................... 550,000 575,000
...................................................... $10,595,761 $10,586,994
For and on behalf of the trustees:
D. E. WALTER, Chairperson.
Statement of Cash Flows for the Year Ended 31 March 1998
Cash flow from operating activities—
Cash was provided from:
Donations .............................................. 4,153 –
Dividends from TSB Bank ................................ 1,200,000 1,100,000
Interest received ...................................... 66,024 50,059
...................................................... $1,270,177 $1,150,059
Cash was applied to:
Donations .............................................. 1,188,350 1,026,350
Payments to suppliers and trustees ..................... 67,174 57,956
...................................................... 1,255,524 1,084,306
Net cash flows from operating activities ................... 14,653 65,753
Cash flows from investing activities—
Cash was provided from:
Principal from investments ............................. 775,000 225,000
Cash was applied to:
Investments ............................................ 750,000 350,000
Net cash flows from investing activities ................... 25,000 (125,000)
Net increase/(decrease) in cash held ........................ 39,653 (59,247)
Plus opening cash 1 April 1997 ............................. 7,929 67,176
Closing balance 31 March 1998 .............................. $47,582 $7,929
Statement of Movements in Equity for the Year Ended 31 March 1998
Equity at 1 April 1997 ................................... 10,586,994 10,521,599
Retained surplus for the year .............................. 8,767 63,395
Total recognised revenues and expenses ..................... 8,767 63,395
Equity at 31 March 1998 .................................. $10,595,761 $10,586,994
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VUW Te Waharoa —
NZ Gazette 1998, No 79
NZLII —
NZ Gazette 1998, No 79
✨ LLM interpretation of page content
💰 TSB Community Trust Balance Sheet as at 31 March 1998
💰 Finance & RevenueBalance Sheet, Accumulated Funds, Current Assets, Fixed Assets, Investments, TSB Community Trust
- D. E. Walter, Chairperson
💰 TSB Community Trust Statement of Cash Flows for the Year Ended 31 March 1998
💰 Finance & RevenueCash Flows, Operating Activities, Investing Activities, Donations, Dividends, Interest, TSB Community Trust
💰 TSB Community Trust Statement of Movements in Equity for the Year Ended 31 March 1998
💰 Finance & RevenueMovements in Equity, Retained Surplus, Revenues, Expenses, TSB Community Trust