New Zealand Gazette – 1999 – No. 101

Page 2444

✨ Financial Statements



2444 NEW ZEALAND GAZETTE No. 101

Consolidated Statement of Financial Performance for the Year Ended 31 March 1999

1999 ($000) 1998 ($000)
Income—
Dividends 503 —
Interest 3,525 7,268
Other investment income (including unrealised income) 5,203 3,321
Other income and receipts 7 17
9,238 10,606

Less expenditure—

| | | |
| Advertising | 36 | 15 |
| Audit fees | 6 | 18 |
| Accountancy fees | 2 | — |
| Investment advice | 318 | 86 |
| Office administration | 145 | 143 |
| Office rental | 14 | 11 |
| Other administration costs | 35 | 43 |
| Trustees’ fees | 78 | 66 |
| Trustees’ expenses | 31 | 37 |
| Preliminary expenses written off | — | 2 |
| Depreciation | 665 | 421 |
| | 8 | 12 |
| Total operating costs | $673 | $433 |

| Net surplus before donations | 8,565 | 10,173 |

Donations—

| Donations round | 2,153 | 1,854 |
| Business grow | 90 | 90 |
| Task Force Green | 2 | 100 |
| | 2,245 | 2,044 |

| Net surplus after donations | $6,320 | $8,129 |

(The accompanying notes form part of these financial statements.)

Consolidated Statement of Movements in Equity for the Year Ended 31 March 1999

1999 ($000) 1998 ($000)
Equity at 1 April 1998 — 105,293
105,293 97,494

Less donations paid from capital:

| Donations round | (294) | (302) |
| Dillon Scholarship | (47) | (28) |
| | $104,952 | $97,164 |

| Total recognised revenue and expenses for the year | 6,320 | 8,129 |
| Equity at 31 March 1999 | $111,272 | $105,293 |

(The accompanying notes form part of these financial statements.)

Consolidated Statement of Financial Position as at 31 March 1999

Note 1999 ($000) 1998 ($000)
Equity—
Trust capital 2 89,308 89,308
General funds — —
Income fluctuation reserve 12,017 15,023
Inflation and population reserve 9,947 962
Total equity $111,272 $105,293

Represented by:

Current assets—

| WestpacTrust | | 17 | 2 |
| Current account | | 170 | 357 |
| Call account | | — | — |
| Accounts receivable | | 12 | 9 |
| Provision for tax | | 2 | 2 |
| | | 201 | 370 |



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✨ LLM interpretation of page content

🏢 Bay of Plenty Community Trust Incorporated Annual Report for the Year Ended 31 March 1999 (continued from previous page)

🏢 State Enterprises & Insurance
Trust, Community Trust, Annual Report, Bay of Plenty, Financial Performance, Community Contributions