✨ Financial Statements
2180 NEW ZEALAND GAZETTE No. 84
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 2001
| Note | 2001 $000 | 2000 $000 |
|---|---|---|
| Income: | ||
| Dividends | 20,350 | |
| 2 | Profit on sale of shares | 353,769 |
| 2 | Investments | (13,265) |
| 360,854 |
| | Direct expenditure: |
| | Fund management, custodian and advisory fees | 111 | 0 |
| | | 360,743 | 6,287 |
| 8 | Expenditure | 682 | 480 |
| | | 360,061 | 5,807 |
| 3 | Investment revaluations | 0 | 26,525 |
| | Surplus before tax | 360,061 | 32,332 |
| 4 | Taxation | 0 | 0 |
| | Net surplus | 360,061 | 32,332 |
The net surplus has been allocated as follows:
| | Trust capital | 283,000 | 0 |
| 7 | | |
| 6 | Investment reserve | (128,300) | 24,051 |
| 6 | Charitable purposes reserve fund | (18,131) | 2,650 |
| 6 | General reserve | 99,000 | 0 |
| | Uncommitted surplus available for distribution | 124,492 | 5,631 |
| | | 360,061 | 32,332 |
Statement of Movement in Trust Funds for the Year Ended 31 March 2001
| 2001 $000 | 2000 $000 | |
|---|---|---|
| Total trust funds at beginning of year | 192,904 | 166,400 |
| Net surplus | 360,061 | 32,332 |
| Committed donations | (10,886) | (5,828) |
| 5 | ||
| ASB Charitable Trust donation | (54,543) | 0 |
| 6 | ||
| Total trust funds at end of year | 487,536 | 192,904 |
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 2001
| Note | 2001 $000 | 2000 $000 |
|---|---|---|
| Source of funds— | ||
| Trust funds: | ||
| 7 | Capital | 327,320 |
| 6 | Investment reserve | 0 |
| 6 | Charitable purposes reserve fund | 0 |
| 6 | General reserve | 100,000 |
| Retained surplus | 60,216 | |
| 487,536 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 84
Gazette.govt.nz —
NZ Gazette 2001, No 84
✨ LLM interpretation of page content
💰 ASB Bank Community Trust Statement of Income and Expenditure for the Year Ended 31 March 2001
💰 Finance & RevenueFinancial statements, Income, Expenditure, Trust funds, Investment, Taxation
💰 Statement of Movement in Trust Funds for the Year Ended 31 March 2001
💰 Finance & RevenueTrust funds, Financial movements, Donations, Surplus
💰 Balance Sheet as at 31 March 2001
💰 Finance & RevenueBalance sheet, Trust funds, Capital, Reserves, Surplus