✨ Trust Fund Financial Statements
24 JUNE NEW ZEALAND GAZETTE 1709
Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 1999
| Notes | 1999 $'000 | 1998 $'000 |
|---|---|---|
| Trust funds at the start of the year | 204,782 | 181,964 |
Surplus and revaluations—
Net surplus for the year:
Capital ... | 1,256 | 5,247 |
Investment fluctuation ... | 7,870 | 14,005 |
Donation reserve ... | 5,297 | 4,094 |
Total recognised revenues and expenses for the year ... | 14,423 | 23,346 |
Other movements—
Donations paid from trust capital funds ... | (1,234) | (528) |
Trust funds at the end of the year ... | 217,971 | 204,782 |
The accompanying notes form part of these financial statements.
Consolidated Statement of Financial Position as at 31 March 1999
| Notes | 1999 $'000 | 1998 $'000 |
|---|
Trust funds—
Capital ... | 181,397 | 180,141 |
Investment fluctuation reserve ... | 26,188 | 18,318 |
Donation reserve ... | 10,386 | 6,323 |
Total trust funds ... | 217,971 | 204,782 |
Current liabilities—
Accounts payable ... | 278 | 198 |
Donations payable ... | 2,319 | 505 |
Total current liabilities ... | 2,597 | 703 |
Total trust funds and liabilities ... | 220,568 | 205,485 |
Current assets—
WestpacTrust cheque account ... | 30 | 16 |
Short term deposits ... | 819 | 165 |
Total current assets ... | 849 | 181 |
Non-current assets—
Investments ... | 218,774 | 205,282 |
Fixed assets ... | 945 | 22 |
Total non-current assets ... | 219,719 | 205,304 |
Total assets ... | 220,568 | 205,485 |
J. A. GRACE, Chairman.
M. M. BROOKER, Trustee.
Dated this 21st day of June 1999.
The accompanying notes form part of these financial statements.
Consolidated Statement of Cash Flows for the Year Ended 31 March 1999
| Notes | 1999 $'000 | 1998 $'000 |
|---|
Cash flow from operating activities—
Cash was provided from:
Investment income received ... | 7,407 | 11,155 |
Cash was disbursed to:
Payments to suppliers and employees ... | (1,534) | (829) |
Donations paid ... | (3,478) | (2,304) |
Net cash outflow from operating activities ... | (5,012) | (3,133) |
Net cash flow from operating activities ... | 2,395 | 8,022 |
Cash flow from investing activities—
Cash was applied to:
Net increase in investments ... | (172) | (7,725) |
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1999, No 75
NZLII —
NZ Gazette 1999, No 75
✨ LLM interpretation of page content
💰 Consolidated Statement of Movements in Trust Funds
💰 Finance & Revenue21 June 1999
Trust funds, Surplus, Revaluations, Donations, Financial statements
- J. A. GRACE, Chairman
- M. M. BROOKER, Trustee
💰 Consolidated Statement of Financial Position
💰 Finance & Revenue21 June 1999
Financial position, Trust funds, Assets, Liabilities, Investments
- J. A. GRACE, Chairman
- M. M. BROOKER, Trustee
💰 Consolidated Statement of Cash Flows
💰 Finance & Revenue21 June 1999
Cash flows, Investment income, Operating activities, Investing activities
- J. A. GRACE, Chairman
- M. M. BROOKER, Trustee