✨ Financial Statements




2052
NEW ZEALAND GAZETTE
No. 84

Public & statutory reporting
Staff
Trustee fees
Trustee expenses

62
221
152
36

$1,791

61
206
146
44

$1,705

Professional fees
Payments to auditors
– Audit fees
– Software and other support
Computer support
Legal advisors
Professional investment advisers
Tax advice
Donations project advice

8
22
8
5
80
30
99

$252

4
13

3
68
36
47

$171

  1. Trust funds
    Trust capital

The trust capital represents the realised value of its original asset, being shares in Trust Bank. They were sold, partly in 1994 when Trust Bank listed on the NZ Stock Exchange and the balance in 1996 when Westpac took over Trust Bank.

2000
$000

1999
$000

Opening balance
Transfer from uncommitted surplus
Closing balance

131,467

131,467

$131,467

131,467

Capital maintenance reserve

Opening balance
Transfers
Closing balance

9,073
2,108

9,063
10

$11,181

$9,073

Uncommitted surplus

Opening balance

43,382

34,393

Donations to non profit bodies
Trustee (deficit)/surplus
Transfer to capital maintenance reserve
Closing balance

(415)
(792)
(2,108)

(333)
9,332
(10)

$40,067

$43,382

Total trust funds at 31 March 2000

2000
$000

1999
$000

$182,715

$183,922

  1. Donations
    Donations paid from income
    Donations paid from capital

10,528
415

6,650
333

$10,943

$6,983

Donations which the Trust has conditionally approved but not yet paid are shown in the accounts as a contingent liability (see Note 10).

  1. Managed funds
    Managed by external managers

Opening balance
Gross income
Fund managers fees
Withdrawals to fund donations
Closing balance

181,101
11,456
(826)
(11,000)

171,499
17,374
(772)
(7,000)

$180,731

$181,101

Investments comprise:
Cash, deposits and miscellaneous
Bonds
Equities
Total managed funds

14,270
88,769
77,692

27,655
88,445
65,001

$180,731

$181,101



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2000, No 84


Gazette.govt.nz PDF NZ Gazette 2000, No 84





✨ LLM interpretation of page content

πŸ’° The Community Trust of Otago Notes to the Consolidated Financial Statements for the Year Ended 31 March 2000 (continued from previous page)

πŸ’° Finance & Revenue
Financial Notes, Consolidation, Basis of Preparation, Accounting Policies, Revenue, Expenditure