✨ Financial Statements
NEW ZEALAND GAZETTE
28 JUNE 1573
| Danish krona equivalents | 2,484 |
| Deutsch mark equivalents | 10,894 |
| Euro equivalents | 6,479 |
| French franc equivalents | 4,542 |
| Great Britain pound equivalents | 8,737 |
| Italian lira equivalents | 618 |
| Japanese yen equivalents | 5,278 |
| Netherlands guilder equivalents | 698 |
| New Zealand dollars | 104,068 |
| Spanish peseta equivalents | 1,692 |
| Swedish krona equivalents | 653 |
| Swiss franc equivalents | 860 |
| United States dollar equivalents | 61,849 |
| Other equivalents | 1,803 |
| 213,666 |
12. Currency Translation
Trust policy is to hedge exposure on fluctuations in foreign exchange on 100% of global fixed interest investments and 50% of global equity investments. At 31 March 2001, the Trust’s investment managers had forward exchange contracts in accordance with this policy.
The market value of the New Zealand cover is $82,846,784 (nominal value – $83,263,123). The market value of the cover at balance date accounts for 99.1% of funds held in global fixed interest and 49.8% of funds held in global equities. No undisclosed credit risk exists.
| 2001 | 2000 | |
|---|---|---|
| $'000 | $'000 |
13. Cash Flow Reconciliation
| 2001 | 2000 | |
|---|---|---|
| Net surplus | (10,300) | 9,190 |
Adjust for non-cash items:
| Depreciation & loss on sale | 80 | 112 |
| Investment income | 13,195 | (3,895) |
| | 13,275 | (3,783) |
Impact of changes in working capital items:
| Increase (decrease) in accounts payable | (60) | 46 |
| Increase (decrease) in taxation payable | (39) | 39 |
| Increase (decrease) in donations payable | (154) | (561) |
| | (253) | (476) |
Net cash inflow from operating activities | 2,722 | 4,931 |
14. Related Party Information
Trust Waikato Charities Limited, Trust Waikato Amateur Sport Limited and Trust Waikato District Improvements Limited are wholly-owned charitable companies established by the trust and are used to carry out some of the trust’s activities.
The trust acts as nominee for investments held by Trust Waikato Charities Limited.
15. Donations
On 16 September 2000, The Waikato Times published a list totalling $14,824,050 which showed all of the donations approved by the trust from the period 1 April 2000 to 16 September 2000.
In the period from 17 September 2000 to 31 March 2001, the trust has also paid, committed or withdrawn the following donations:
| $ | |
|---|---|
| Total donations as published in The Waikato Times on 16 September 2000 | 14,824,050 |
| Te Pahu Squash Club | (7,500) |
| PND Support Group | (500) |
| Firth Primary School | (18,000) |
| Waikato Badminton Association | 25,000 |
| Sunset Beach Surf Lifesaving Club | 6,000 |
| Auckland Philharmonia | 2,500 |
| Tahuna Tennis Club | 2,500 |
| Hinuera Tennis Club | 2,500 |
| The Morrinsville Rugby Football Union | 2,500 |
| TYC – Te Awamutu Youth Centre | (3,500) |
| Geoff Burridge Alternative Education Trust | 10,000 |
| Pirongia Residents and Ratepayers Association | 10,000 |
| Te Kuiti High School | 15,000 |
| New Zealand Sports Development Trust | 7,500 |
Next Page →
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
💰
Financial Statements for the Year Ended 31 March 2001
(continued from previous page)
💰 Finance & RevenueFinancial statements, Currency translation, Cash flow reconciliation, Related party information, Donations