✨ Community Trust Financial Report
1856
NEW ZEALAND GAZETTE
No. 77
Overseas
| 2001 $000 | 2000 $000 | |
|---|---|---|
| Bonds and deposits | 42,706 | 38,970 |
| Equities | 56,371 | 62,014 |
| Total | 99,077 | 100,984 |
| 2001 $000 | 2000 $000 | |
|---|---|---|
| Bonds and deposits | 111,796 | 103,580 |
| Equities | 66,606 | 77,691 |
| Total | 178,402 | 181,271 |
(b) Credit Risk
At balance date there were no significant concentrations of credit risk. The maximum exposure to credit risk is represented by the carrying value of each financial asset in the statement of financial position.
(c) There are no off balance sheet financial instruments.
- Taxation
| Net surplus before donations as per statement of financial performance | 2001 $000 | 2000 $000 |
|---|---|---|
| 3,874 | 9,825 |
Less: Unrealised equity gains
| 2001 $000 | 2000 $000 | |
|---|---|---|
| – | 1,426 |
Charitable business exemption and donations
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 5,072 | 5,704 |
Plus: Unrealised equity losses
| 2001 $000 | 2000 $000 | |
|---|---|---|
| (1,198) | – |
Non deductible expenditure
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 2,977 | 233 |
Accrued AMP dividend
| 2001 $000 | 2000 $000 | |
|---|---|---|
| – | (84) |
Imputation & withholding tax credits received
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 262 | 340 |
Total taxable income
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 3,624 | 489 |
Less: Distribution of income to beneficiaries
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 868 | 2,429 |
Total trustees taxable income
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 1,446 | 755 |
Less: Losses brought forward
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 112 | – |
Assessable income for tax purposes
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 37 | – |
Taxation @ 33%
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 2 | – |
Less: Overseas withholding tax credits claimed
| 2001 $000 | 2000 $000 | |
|---|---|---|
| – | (313) |
Taxation payable before imputation credits
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 225 | – |
Less: Imputation credits
| 2001 $000 | 2000 $000 | |
|---|---|---|
| – | (313) |
Taxation payable
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 1,445 | 494 |
Excess imputation credits
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 683 | 949 |
Losses brought forward
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 1 | 757 |
Plus: Conversion of excess imputation credits to losses
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 1,446 | (755) |
Prior year adjustment
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 683 | – |
Less: Losses claimed this year
| 2001 $000 | 2000 $000 | |
|---|---|---|
| (313) | – |
Total losses to be carried forward
| 2001 $000 | 2000 $000 | |
|---|---|---|
| 494 | 949 |
- Reconciliation of Reported Surplus to Net Cashflow From Operating Activities
| Surplus/(deficit) for the period | 2001 $000 | 2000 $000 |
|---|---|---|
| (1,441) | (792) |
Add:
Non-cash items:
| Depreciation | 2001 $000 | 2000 $000 |
|---|---|---|
| 80 | 81 |
| Net managed funds drawn down | 2001 $000 | 2000 $000 |
|---|---|---|
| 2,329 | 370 |
Less:
Non-cash items:
| Net managed funds reinvested | 2001 $000 | 2000 $000 |
|---|---|---|
| – | – |
| Donations paid from capital | 2001 $000 | 2000 $000 |
|---|---|---|
| 930 | 415 |
| | 38 | (756) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 77
Gazette.govt.nz —
NZ Gazette 2001, No 77
✨ LLM interpretation of page content
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Community Trust of Otago Annual Report
(continued from previous page)
💰 Finance & Revenue14 June 2001
Community Trust, Annual Report, Financial Results, Donations, Investment