New Zealand Gazette – 2001 – No. 84

Page 2187

✨ Financial Statements



9 AUGUST

NEW ZEALAND GAZETTE

2187

Employment of funds—

Investments:

2001 2000
Managed funds 2 510,163 434,480
Other investments 2 186 61,788
510,349 496,268

Current assets:

2001 2000
ASB Bank Community Trust 76 51
Cash 7 7
Debtors 145 14
Other assets 0 71
228 143

Fixed assets | 7 | 2,122| 2,108|

| | | 512,699 | 498,519 |

Approved on behalf of the board:

JUDITH BASSETT,
Chairperson.
Date: 28 May 2001.

R. J. FINLAYSON,
Deputy Chairman.
Date: 28 May 2001.

The notes to these financial statements form part of and should be read in conjunction with this balance sheet.

Statement of Cash Flows for the Year Ended 31 March 2001

2001 ($000) 2000 ($000)
Cash flows from operating activities—
Cash was provided from:
Income received on other investments 2,662 3,271
Refunds of expenses by ASB Bank Community Trust 518 460
Net G.S.T. 107 0
Receipts from rentals 8 8
Donation from ASB Bank Community Trust 54,543 0
57,838 3,739

| Cash was disbursed on: | | |
| Net G.S.T. | 0 | (1) |
| Payment to suppliers, trustees and staff | (1,301) | (1,128) |
| Fund management and advisory fees | (1,800) | (2,133) |
| | (3,101) | (3,262) |

| Net cash inflow from operating activities | 54,737 | 477 |

| Cash flows from investing activities— | | |
| Cash was provided from: | | |
| Receipts from fund managers | 22,000 | 81,000 |
| ASB Group Limited term loan | 61,067 | 0 |
| | 83,067 | 81,000 |

| Cash was disbursed on: | | |
| Purchase of fixed assets | (68) | (34) |
| Transfers to fund managers | (109,567) | 0 |
| ASB Group Limited term loan | 0 | (60,000) |
| | (26,568) | 20,966 |

| Cash flows from funding activities— | | |
| Cash was disbursed on: | | |
| Donations to charitable organisations | (28,702) | (21,208) |
| Net cash outflow from funding activities | (28,702) | (21,208) |

| Net cash (outflow)/inflow from activities | (533) | 235 |
| Add opening cash brought forward | 619 | 384 |
| Ending cash carried forward | 86 | 619 |

| Cash comprises: | | |
| Cash at bank | 7 | 7 |
| Call deposits | 79 | 612 |
| | 86 | 619 |

The notes to these financial statements form part of and should be read in conjunction with this statement of cash flows.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 84


Gazette.govt.nz — PDF NZ Gazette 2001, No 84




✨ LLM interpretation of page content

💰 Audit Report for the ASB Bank Community Trust (continued from previous page)

💰 Finance & Revenue
28 May 2001
Audit report, Financial statements, Trustees' responsibilities, Auditors' responsibilities, Financial performance, Trust funds
  • JUDITH BASSETT, Chairperson
  • R. J. FINLAYSON, Deputy Chairman

💰 Statement of Cash Flows for the Year Ended 31 March 2001

💰 Finance & Revenue
Cash flows, Operating activities, Investing activities, Funding activities