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) |



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💰 Consolidated Statement of Movements in Trust Funds

💰 Finance & Revenue
21 June 1999
Trust funds, Surplus, Revaluations, Donations, Financial statements
  • J. A. GRACE, Chairman
  • M. M. BROOKER, Trustee

💰 Consolidated Statement of Financial Position

💰 Finance & Revenue
21 June 1999
Financial position, Trust funds, Assets, Liabilities, Investments
  • J. A. GRACE, Chairman
  • M. M. BROOKER, Trustee

💰 Consolidated Statement of Cash Flows

💰 Finance & Revenue
21 June 1999
Cash flows, Investment income, Operating activities, Investing activities
  • J. A. GRACE, Chairman
  • M. M. BROOKER, Trustee