✨ 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 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 89
Gazette.govt.nz —
NZ Gazette 2000, No 89
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💰 ASB Bank Community Trust Financial Statements for Year Ended 31 March 2000
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