✨ Financial Statements and Notes
11 MAY
NEW ZEALAND GAZETTE
1091
Capital Base Reserve:
Balance brought forward
24,675,412
17,909,050
Retention as per statement of financial performance
2,898,410
6,766,362
Adjustment to capital base reserve
(20,374,117)
7,199,705
24,675,412
Total Trust Funds:
461,946,701
440,347,579
Donations transferred to reserves represents unspent donations for specific Making It Happen projects for the Canterbury region transferred to Accumulated Income Reserves.
The capital base reserve is an allowance for the erosion of the value of the Core Real Capital Base Reserve, due to inflation. For 2000 this was calculated based on inflation at .8% on a Core Real Capital Base Reserve of $362,301,294 being the original Core Real Capital Base Reserve of $358,000,000 plus the adjusted Capital Base Reserve of $4,301,294.
5. Reconciliation of Net Surplus to Net Operating Cashflow
Net Surplus from Statement of Financial Performance:
2000
1999
22,390,913
18,033,673
Adjustments for Non Cash Items in Net Surplus:
Depreciation
169,785
160,433
Managed Funds Income Unrealised
(6,299,179)
5,478,740
16,261,519
23,672,846
Adjustments for changes in Working Capital:
Decrease/(increase) in accounts receivable
(6,255)
1,024
Decrease/(increase) in accrued interest
119,449
Decrease/(increase) in prepayments
18,160
Increase/(decrease) in accounts payable
(5,188)
(28,034)
Increase/(decrease) in donations payable
(712,678)
(52,383)
Increase/(decrease) in Goods and Services Tax
(16)
5,159
Increase/(decrease) in donations paid in advance
70,000
15,537,382
25,260,716
Add capital base reserve transfer
2,898,410
6,766,362
Deduct donations paid from capital
(3,690,201)
(4,467,584)
Cash flow from operations
14,745,591
27,559,494
6. Capital Commitments
There are no capital commitments at balance date (1999 Nil).
7. Investment Property
The investment property of the Trust is valued at cost less accumulated depreciation. Payments made on the investment property as at 31 March 2000 consist of the purchase of the land at 262 Oxford Terrace and adjoining property, architectural and legal fees, stamp duty, building consent permits and building costs to date.
2000
1999
Land
814,583
814,583
Building construction and associated property costs
3,633,524
3,506,730
Less accumulated depreciation
(267,319)
(159,153)
4,180,788
4,162,160
8. Fixed Assets
Cost
Accumulated Depreciation
2000 Book Value
1999 Book Value
Plant and equipment
45,518
29,573
15,945
21,074
Computer
121,384
67,853
53,531
85,171
Motor vehicles
43,832
32,367
11,465
14,624
Furniture and fittings
86,706
38,429
48,277
2,809
Fixed assets
297,440
168,222
129,218
183,678
9. Contingent Liabilities
There are no contingent liabilities at balance date (1999 Nil) apart from donation commitments as per note 3.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 49
Gazette.govt.nz —
NZ Gazette 2000, No 49
✨ LLM interpretation of page content
💰
The Community Trust Notes to the Financial Statements for the Year Ended 31st March 2000
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Accounting Policies, Depreciation, Investments, Taxation, Capital Base Reserve, Trust Funds, Net Surplus, Operating Cashflow, Capital Commitments, Investment Property, Fixed Assets, Contingent Liabilities