✨ Financial Statements
2106 NEW ZEALAND GAZETTE No. 78
| 2,143 | 2,834 | |
|---|---|---|
| Less donations paid | (2,143) | (2,168) |
| Balance at the end of the year | – | 666 |
8. Payables
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| Accounts payable | 252 | 261 |
9. Investments
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| Passive global equities | 29,228 | 26,863 |
| NZ fixed interest and cash | 84,312 | 90,909 |
| Active global equities | 25,907 | 26,338 |
| NZ equities and cash | 12,877 | 11,565 |
| Global fixed interest | 51,352 | 56,879 |
| 203,676 | 212,554 |
10. Fixed Assets
Office equipment:
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| At cost | 168 | 170 |
| Accumulated depreciation | (111) | (96) |
| Net book value | 57 | 74 |
Motor vehicles:
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| At cost | 67 | 64 |
| Accumulated depreciation | (14) | (36) |
| Net book value | 53 | 28 |
Art and artefacts:
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| At cost | 291 | 202 |
| Accumulated depreciation | – | – |
| Net book value | 291 | 202 |
Buildings:
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| At cost | 599 | 597 |
| Accumulated depreciation | (115) | (89) |
| Net book value | 484 | 508 |
Land:
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| At cost | 754 | 754 |
| Accumulated depreciation | – | – |
| Net book value | 754 | 754 |
| Total fixed assets | 1,639 | 1,566 |
11. Financial Instruments
The trust uses the services of an investment advisor to pursue an investment policy considered appropriate for the trust. The current policy is to achieve a long term asset allocation of:
| Asset Class | Allocation |
|---|---|
| New Zealand equities | 5.0% |
| New Zealand fixed interest | 25.0% |
| New Zealand cash | 15.0% |
| Global fixed interest (fully hedged) | 25.0% |
| Passive global equities (fully hedged) | 15.0% |
| Active global equities | 15.0% |
| 100.0% |
The following financial assets have been recognised in the financial statements of the trust.
| 2002 $’000 | 2001 $’000 | |
|---|---|---|
| Term deposits | 743 | 1,112 |
| Investments | 203,676 | 212,554 |
| 204,419 | 213,666 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 78
Gazette.govt.nz —
NZ Gazette 2002, No 78
✨ LLM interpretation of page content
💰
The Waikato Community Trust Incorporated Notes To and Forming Part Of the Consolidated Financial Statements for the Year Ended 31 March 2002
(continued from previous page)
💰 Finance & RevenueAccounting Policies, Investment Strategy, Depreciation, Taxation, Financial Performance