New Zealand Gazette – 1998 – No. 79

Page 1777

✨ Financial Statements and Index



11 JUNE NEW ZEALAND GAZETTE 1777

1998 $ 1997 $
Increase/(decrease) in payables ... (99) 4,274
Net cash flows from operating activities ... $14,653 $65,753

8. Cash Balances in the Statement of Financial Position

1998 $ 1997 $
Petty cash ... 43 18
TSB Bank Limited ... 47,539 7,911
$47,582 $7,929

Auditors' Report to the Trustees of TSB Community Trust

We have audited the financial statements. The financial statements provide information about the past financial performance of the trust and its financial position as at 31 March 1998. This information is stated in accordance with the accounting policies set out.

Trustees' Responsibilities

As trustees you are responsible for the preparation of financial statements which comply with generally accepted accounting practice and present a true and fair view of the financial position of the trust as at 31 March 1998 and its financial performance and cash flows for the year ended on that date.

Auditor's Responsibilities

It is our responsibility to express an independent opinion on the financial statements presented by the trustees and report our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements. It also includes assessing:

  • the significant estimates and judgments made by the trustees in the preparation of the financial statements; and
  • whether the accounting policies are appropriate to the trusts circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with generally accepted auditing standards in New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Other than in our capacity as auditor we have no relationship with, or interest in, the trust.

Unqualified Opinion

We have obtained all the information and explanations we have required.

In our opinion, the financial statements:

  • comply with generally accepted practice; and
  • present a true and fair view of the financial position of the trust as at 31 March 1998 and its financial performance and cash flows for the year ended on that date.

Our audit was completed on 23 April 1998 and our unqualified opinion is expressed as at that date.

ERNST & YOUNG, New Plymouth.

gn4056

Index

B

  • Bankruptcy Notices—
    Notices: 1724, 1725, 1726, 1727.
  • Broadcasting Act—
    Direction to Broadcasting Commission: 1752.

C

  • Charitable Trusts Act—
    Dissolution of charitable trusts: 1750.
  • Civil Aviation Act—
    Airworthiness directives: 1760.
  • Commodity Levies Act—
    Rates of levies for
    Farmed deer products: 1773.
  • Companies Act—
    Amalgamation of companies:


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✨ LLM interpretation of page content

💰 TSB Community Trust Statement of Movements in Equity for the Year Ended 31 March 1998 (continued from previous page)

💰 Finance & Revenue
Movements in Equity, Retained Surplus, Revenues, Expenses, TSB Community Trust

💰 Auditors' Report to the Trustees of TSB Community Trust

💰 Finance & Revenue
23 April 1998
Audit, Financial Statements, Trustees, TSB Community Trust
  • ERNST & YOUNG, New Plymouth

📰 Index of Notices and Acts

📰 NZ Gazette
Index, Bankruptcy Notices, Broadcasting Act, Charitable Trusts Act, Civil Aviation Act, Commodity Levies Act, Companies Act