✨ Financial Statements
28 JUNE
NEW ZEALAND GAZETTE
Employee remuneration
Funds management services
Investment advisory services
Recruitment
Statutory reporting
Trustees fees
Depreciation
Other expenses
- Taxation
Net surplus before taxation as per statement of financial performance
Less:
Non-assessable income
Add:
Non-deductible expenditure
Non-deductible losses
Imputation tax credits received and withholding tax deducted
Adjustment for prior year
Donations payable
Assessable income for the year
Less:
Loss brought forward
Assessable income (loss) for tax purposes
Taxation @ 33%
Imputation tax credits received and withholding tax deducted
Imputation tax credits transferred to loss carried forward
Assessable loss for tax purposes
Losses carried forward
1571
199
619
143
–
159
184
78
395
1,874
189
763
132
8
158
174
112
387
2,065
2001
$’000
2000
$’000
(10,300)
9,229
(7,583)
(17,883)
(13,675)
(4,446)
1,020
16,298
129
–
995
18,442
559
882
2,125
354
415
1,608
5,384
938
(717)
(158)
–
–
–
392
158
550
(812)
126
42
(42)
–
717
–
717
Following an Inland Revenue assessment the trust was required to pay $38,975 in respect of the 1995 year. The trust’s ability
to carry forward tax losses is subject to statutory provisions.
- Capital
Balance at beginning of the year
Transfer from income
Balance at the end of the year
2001
$’000
2000
$’000
185,933
7,251
193,184
181,397
4,536
185,933
The transfer from income for inflation and regional population growth was calculated at an annual rate of 3.9% on the balance
at the beginning of the year (2000 – 2.5%).
- Reserves
Investment fluctuation reserve
Balance at beginning of the year
Transfer from (to) income
Balance at the end of the year
Donation reserve
Balance at beginning of the year
Transfer from (to) income
Less donations paid
Balance at the end of the year
2001
$’000
2000
$’000
29,507
(10,164)
19,343
26,188
3,319
29,507
10,221
(7,387)
2,834
(2,168)
666
10,386
1,335
11,721
(1,500)
10,221
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 66
Gazette.govt.nz —
NZ Gazette 2001, No 66
✨ LLM interpretation of page content
💰
Expenses for the Year Ended 31 March 2001
(continued from previous page)
💰 Finance & RevenueAudit Fees, Accountancy Fees, Consultants, Employee remuneration, Funds management services, Investment advisory services, Recruitment, Statutory reporting, Trustees fees, Depreciation, Other expenses
💰 Taxation Details for the Year Ended 31 March 2001
💰 Finance & RevenueTaxation, Net surplus, Assessable income, Tax losses, Imputation tax credits, Donations, Tax assessment
💰 Capital and Reserves for the Year Ended 31 March 2001
💰 Finance & RevenueCapital, Balance transfer, Inflation adjustment, Regional population growth, Investment fluctuation reserve, Donation reserve