ASB Bank Community Trust Financial Statements




NEW ZEALAND GAZETTE

No. 89

General Section

ASB Bank Community Trust

ASB Charitable Trust

Community Trusts Act 1999

ASB Bank Community Trust

Statement of Income and Expenditure for the Year Ended 31 March 2000

2000 1999
$000 $000
Income:
Dividends 6,050 5,325
Other investments 237 516
6,287 5,841
Expenditure (note 8) 480
5,807
Investment revaluations (note 3) 26,525
Surplus before tax 32,332
Taxation (note 4) 0
Net surplus 32,332

The net surplus has been allocated as follows:

2000 1999
Investment reserve 24,051 19,676
Charitable purposes reserve fund (note 6) 2,650
Uncommitted surplus available for distribution 5,631 5,691
32,332 27,034

Statement of Movement in Trust Funds for the Year Ended 31 March 2000

2000 1999
$000 $000
Total trust funds at beginning of year 166,400 145,789
Net surplus 32,332 27,034
Committed donations (note 5) (5,828)
Total trust funds at end of year 192,904 166,400

The notes to these financial statements form part of and should be read in conjunction with this Statement of Income and Expenditure and Statement of Movement in Trust Funds.

Balance Sheet as at 31 March 2000

Source of funds— 2000 1999
$000 $000
Trust funds:
Capital (note 7) 44,320
Investment reserve (note 6) 128,300
Charitable purposes reserve fund (note 6) 18,131
General reserve 1,000
Retained surplus 1,153
192,904
Liabilities:
ASB Charitable Trust 51
Creditors 13
Committed donations (note 5) 3,481
3,545
196,449


Next Page →



Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2000, No 89


Gazette.govt.nz PDF NZ Gazette 2000, No 89





✨ LLM interpretation of page content

💰 ASB Bank Community Trust Financial Statements for Year Ended 31 March 2000

💰 Finance & Revenue
Financial Statements, Income, Expenditure, Trust Funds, Balance Sheet, ASB Bank Community Trust