New Zealand Gazette – 2002 – No. 90

Page 2451

✨ Financial Statements



1 AUGUST NEW ZEALAND GAZETTE 2451

Note 2002
$000 2001
$000

Employment of funds—
Investments:
Managed funds 3 485,813 463,458
Other investments 3 1,875 31,672
487,688 495,130

Current assets:
Cash 35 8
Debtors 141 140
176 148
487,864 495,278

Approved on behalf of the board:
R. J. FINLAYSON S. K. PRIME
Trustee. Trustee.
Date: 27 May 2002. Date: 27 May 2002.

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 2002

                        2002                2001
                        $000                $000

Cash flows from operating activities—
Cash was provided from:
Dividends received – 20,350
Interest received on other investments 934 8,170
934 28,520

Cash was disbursed on:
Payment to suppliers, trustees and staff (154) (143)
Refunds to ASB Charitable Trust for the services of suppliers, trustees and staff (711) (518)
Fund management and advisory fees (622) –
(1,487) (661)

Net cash (outflow)/inflow from operating activities (553) 27,859

Cash flows from investing activities—
Cash was provided from:
Receipts from fund managers 9,500 –
Bond maturity 832 –
Net proceeds on sale of shares – 544,144
Decrease in term deposits – 3,589
Decrease in net charitable purposes reserve fund deposits – 1,084
10,332 548,817

Cash was disbursed on:
Transfers to fund managers (25,139) (485,000)
(25,139) (485,000)

Net cash (outflow)/inflow from investing activities (14,807) 63,817

Cash flows from funding activities—
Cash was disbursed on:
Donations to community organisations (13,548) (61,394)

Net cash outflow from funding activities (13,548) (61,394)

Net cash (outflow)/inflow from activities (28,908) 30,282
Add opening cash brought forward 30,306 24

Ending cash carried forward 1,398 30,306

Cash comprises:
Cash at bank 35 8
Call deposits 1,363 30,298
1,398 30,306

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 2002, No 90


Gazette.govt.nz — PDF NZ Gazette 2002, No 90




✨ LLM interpretation of page content

💰 ASB Bank Community Trust Financial Statements (continued from previous page)

💰 Finance & Revenue
Income, Expenditure, Trust Funds, Balance Sheet, ASB Bank Community Trust
  • R. J. Finlayson, Trustee
  • S. K. Prime, Trustee