22 JULY NEW ZEALAND GAZETTE 2019

Other expenses ........................................................................................................... $65,220 $61,963
Total expenditure ........................................................................................................ 689,627 629,107
Net income before community payments ........................................................................... 12,795,675 26,462,371
Less community payments—
Standard donations ................................................................................................. 1,833,710 1,739,700
Special donations .................................................................................................. 2,982,240 3,002,079
Bursaries ............................................................................................................ 438,000 262,000
5,253,950 5,003,779
Less donations written back .......................................................................................... 147,259 –
Total community payments ........................................................................................... 5,106,691 5,003,779
Net surplus for the period ............................................................................................. $7,688,984 $21,458,592

(The notes to the financial statements form part of and are to be read in conjunction with the above accounts.)

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

Equity at start of period ................................................................................................. $130,706,794 $109,248,202
Net surplus for the period .............................................................................................. 7,688,984 21,458,592
Total recognised revenues and expenses for the year ............................................................ 7,688,984 21,458,592
Equity at the end of period ............................................................................................. $138,395,778 $130,706,794

(The notes to the financial statements form part of and are to be read in conjunction with the above accounts.)

Consolidated Statement of Financial Position as at 31 March 1999

Assets—
Investments ............................................................................................................ 3 $132,201,239 $123,833,394
Fixed assets ........................................................................................................... 4 37,519 49,429
Accrued income ....................................................................................................... 81,304 29,008
Cash and bank deposits ........................................................................................... 5 7,841,500 8,549,403
Total assets ................................................................................................................ $140,161,562 $132,461,234

Liabilities—
Sundry payables ...................................................................................................... 91,351 208,201
Employee entitlements .............................................................................................. 17,896 10,039
Donations payable .................................................................................................. 6 1,656,536 1,536,200
Total liabilities ............................................................................................................ 1,765,783 1,754,440
Net assets .................................................................................................................. 138,395,779 130,706,794

Equity—
Trustee funds .......................................................................................................... 138,395,779 130,706,794
Total trust funds .......................................................................................................... $138,395,779 $130,706,794

GRAEME GLASS, Chairperson.
BRIAN MARTIN, Trustee.
Dated this 21st day of May 1999.

Consolidated Statement of Cash Flows for the Year Ended 31 March 1999

Cash flows from operating activities—
Cash was provided from:
Interest and dividends on investments ........................................................................... 6,271,965 7,440,607
6,271,965 7,440,607
Cash was applied to:
Community payments ............................................................................................... (4,986,355) (3,754,800)
Trustees and employees ........................................................................................... (288,146) (230,450)
Suppliers of other goods and services .......................................................................... (437,628) (328,808)
Net operating cash flows ............................................................................................... 7 559,836 3,126,549