New Zealand Gazette – 2002 – No. 81

Page 2168

✨ Trust Fund Financial Statements



2168

NEW ZEALAND GAZETTE

Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2002

Note 2002 2001
Total trust funds at beginning of year 446,919,113 461,946,701
Less donations paid from capital (6,229,538) (6,962,273)
440,689,575 454,984,428
Add net surplus/(deficit) for the year (22,595,509) (19,344,263)
Increase in capital base reserve 9,803,417 11,278,948
Total trust funds at end of year 427,897,483 446,919,113

Represented by:

Note 2002 2001
Core real capital base reserve 4 358,000,000 358,000,000
Accumulated income reserve 4 39,035,413 67,860,460
Capital base reserve 4 30,862,070 21,058,653
427,897,483 446,919,113

Consolidated Statement of Financial Position as at 31 March 2002

Note 2002 2001
Trust funds 4 427,897,483

Represented by—

Current assets:

2002 2001
WestpacTrust operating accounts 23,042 108,237
Bank deposits 1,422,962 1,304,416
Colliers Jardine operating account 10,936 –
Accounts receivable 14 10,905 89,411
Taxation refund due 259 301
1,468,104 1,502,365

Investments:

Note 2002 2001
Property investments 7 7,530,632 5,771,863
Managed funds 13 419,093,410 439,684,440
Community loans – 6,833
426,624,042 445,463,136

Fixed assets | 8 | 81,364 | 108,024 |

Total assets | | 428,173,510 | 447,073,525 |

Current liabilities:

2002 2001
Accounts payable and goods and services tax 276,027 154,412

Total liabilities | | 276,027 | 154,412 |

Net assets | | 427,897,483 | 446,919,113 |

Consolidated Statement of Cash Flows for the Year Ended 31 March 2002

Note 2002 2001
Cash was provided by (used for)—
Operations: 5
Income from investments 10,841,892
Payments to suppliers, employees and trustees (2,728,941)
Payments of taxation 42
Payments of goods and services tax 6,315
Donations to the community (19,561,924)
(11,442,616)

Investing:

2002 2001
Managed funds investments 13,436,372 866,544
Movement in term deposits (118,546) 2,192,531
Community loans 6,833 47,749
Sale (purchase) of fixed assets (1,967,238) (1,789,719)
11,357,421 1,317,105

Increase in cash | | (85,195) | 89,489 |

Cash at beginning of year | | 108,237 | 18,748 |

Cash at end of year | | 23,042 | 108,237 |

Represented by:

2002 2001
WestpacTrust operating accounts 23,042 108,237


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 81


Gazette.govt.nz — PDF NZ Gazette 2002, No 81




✨ LLM interpretation of page content

💰 Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2002 (continued from previous page)

💰 Finance & Revenue
Trust funds, financial statements, movements, capital base reserve, donations

💰 Consolidated Statement of Financial Position as at 31 March 2002 (continued from previous page)

💰 Finance & Revenue
Financial position, trust funds, assets, liabilities, investments

💰 Consolidated Statement of Cash Flows for the Year Ended 31 March 2002 (continued from previous page)

💰 Finance & Revenue
Cash flows, investments, donations, operations, financial statements