2024

NEW ZEALAND GAZETTE

No. 85

SPICER & OPPENHEIM, Chartered Accountants.
Wellington.

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

Income—
Investment income (net) ........................................ 11 4,501,782 8,025,585
Interest received ................................................... 10,984 15,551
Donations returned ................................................. 1,500 10,000
Rental income ...................................................... 76,620 –
Total income ........................................................ 4,590,886 8,051,136
Less expenses—
Auditors’ fees ...................................................... 7,438 5,237
Depreciation ......................................................... 1,793 2,079
Donations expenses ................................................. 21,477 27,279
Interest .............................................................. 30,122 –
Operating costs ................................................... 199,855 168,202
Trustee expenses .................................................. 11,923 9,298
Trustee fees ........................................................ 54,630 39,980
Total expenses .................................................... 327,238 252,075
Net surplus before donations ..................................... 4,263,648 7,799,061
Less donations .................................................... 5,105,114 3,602,166
Net surplus (deficit) after donations ........................... ($841,466) $4,196,895

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

Trust funds at 1 April 1998 ........................................... $48,765,750 $44,568,855
Plus—
Net surplus ............................................................. – 4,196,895
Movements in revaluation reserve .................................. 1,250 –
................................................................... 48,767,000 48,765,750
Less—
Net deficit .......................................................... 841,466 –
Total trust funds at 31 March 1999 ............................. $47,925,534 $48,765,750

Consolidated Statement of Financial Position as at 31 March 1999

Current assets—
Bank accounts ...................................................... 63,720 10,503
Investment accounts receivable .................................. 151,139 182,065
Prepayments ........................................................ 2,861 1,519
Taxation refund ...................................................... 2,417 110
Total current assets .............................................. 220,137 194,197
Less current liabilities—
Trading accounts payable ........................................ 99,226 87,702
Investment accounts payable .................................... 132,224 386,837
Bank of New Zealand loan—current portion ..................... 97,915 –
Goods and services tax ............................................. 4,201 –
Total current liabilities ......................................... 333,566 474,539
Net current liabilities ........................................... 113,429 280,342
Non current assets—
Fixed assets ........................................................ 4,211 5,332
Investments ....................................................... 48,683,684 49,040,760
Total non current assets ........................................ 48,687,895 49,046,092
Non current liabilities—
Bank of New Zealand loan—term portion ....................... 648,932 –
Total non current liabilities ................................... 648,932 –
Net assets ........................................................ $47,925,534 $48,765,750