New Zealand Gazette – 1999 – No. 90

Page 2159

✨ Financial Statements



5 AUGUST
NEW ZEALAND GAZETTE
2159

  1. Donations
    For this year—
    Committed and disbursed ................................. 3,449 1,366
    Committed but not yet disbursed ....................... 3,035 2,101
    Total donations approved ............................ 6,484 3,467
    Donations written back .............................. (61) (18)
    $6,423 $3,449

Committed but not yet disbursed—
Committed in previous years ......................... 398 613
Committed this year ................................. 3,035 2,097
$3,433 $2,710

  1. Reserves
    Investment Reserve—
    Balance as at 1 April ............................... 84,573 65,859
    Increase in value of ASB Bank Limited shares .......... 21,700 20,638
    Increase attributable to the charitable purposes reserve fund (2,024) (1,924)
    Balance as at 31 March .............................. $104,249 $84,573

Charitable purposes reserve fund—
Balance as at 1 April ............................... 13,814 11,382
Increase in value of ASB Bank Limited shares .......... 2,024 1,924
Income ............................................ 546 508
Donations to charitable organisations ............... (903) 0
Balance as at 31 March .............................. $15,481 $13,814

General reserve—
Balance as at 1 April ............................... 1,000 1,000
Balance as at 31 March .............................. $1,000 $1,000

  1. Trust Capital
    Balance as at 1 April .............................. 44,320 44,320
    Balance as at 31 March .............................. $44,320 $44,320

  2. Other Expenditure
    Audit fees ........................................ 6 6
    Facilities rental ................................. 33 34
    Legal fees ........................................ 39 1
    Occupancy costs ................................... 25 38
    Other operating costs ............................. 78 71
    Public and statutory reporting .................... 58 52
    Staff expenses .................................... 196 195
    Trustees’ fees .................................... 61 56
    Trustees’ expenses ............................... 11 9
    $507 $462

  3. Financial Instruments
    Currency Risk
    All financial instruments are held in New Zealand and therefore the trust is not subject to currency risk.

Interest Rate Risk
The trust invests in securities that are subject to interest rate risk. The trust actively monitors this risk and changes asset allocations and maturity profiles accordingly.

Credit Risk
The trust owns financial instruments that are subject to credit risk. No collateral is required in respect of financial assets. The maximum credit risk exposure to the trust is the value of investments as disclosed in the financial statements.

Fair Values
All financial instruments are carried at market value.



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✨ LLM interpretation of page content

💰 ASB Bank Community Trust Financial Statements (continued from previous page)

💰 Finance & Revenue
31 May 1999
Financial Statements, Income, Expenditure, Trust Funds, Balance Sheet, Cash Flows