✨ Financial Statements
2450
NEW ZEALAND GAZETTE
No. 90
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 2002
| Note | 2002 $000 | 2001 $000 |
|---|---|---|
| Income: | ||
| Dividends | – | 20,350 |
| Profit on sale of shares | – | 353,769 |
| Investments | 2 | (13,265) |
| 7,621 | 360,854 | |
| Direct expenditure: | ||
| Fund management, custodian and advisory fees | 8 | 739 |
| Other expenditure | 4 | 6,882 |
| Surplus before tax | 6,067 | |
| Taxation | – | |
| Net surplus | 6,067 | |
| The net surplus has been allocated as follows: | ||
| Trust capital | 7 | – |
| Capital maintenance reserve | 6 | 8,254 |
| Investment reserve | 6 | – |
| Charitable purposes reserve fund | 6 | – |
| General reserve | 6 | – |
| Uncommitted surplus available for distribution | (2,187) | |
| 6,067 | 360,061 |
Statement of Movement in Trust Funds for the Year Ended 31 March 2002
| Note | 2002 $000 | 2001 $000 |
|---|---|---|
| Total trust funds at beginning of year | 487,536 | 192,904 |
| Net surplus | 6,067 | 360,061 |
| Committed donations | 5 | (26,929) |
| ASB Charitable Trust donation | 6 | – |
| Total trust funds at end of year | 466,674 | 487,536 |
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 2002
| Note | 2002 $000 | 2001 $000 |
|---|---|---|
| Source of funds— | ||
| Trust funds: | ||
| Capital | 7 | 327,320 |
| Capital maintenance reserve | 6 | 8,254 |
| General reserve | 6 | 100,000 |
| Retained surplus | 31,100 | |
| 466,674 | ||
| Liabilities: | ||
| ASB Charitable Trust | 82 | |
| Creditors | 211 | |
| Committed donations | 5 | 20,897 |
| 21,190 | ||
| 487,864 |
| 2001 $000 |
|---|
| 327,320 |
| – |
| 100,000 |
| 60,216 |
| 487,536 |
| 76 |
| 150 |
| 7,516 |
| 7,742 |
| 495,278 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 90
Gazette.govt.nz —
NZ Gazette 2002, No 90
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💰 ASB Bank Community Trust Financial Statements
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