✨ Financial Statements
1 AUGUST
NEW ZEALAND GAZETTE
2457
| Note | 2002 $000 | 2001 $000 |
|---|---|---|
| Current assets: | ||
| ASB Bank Community Trust | 82 | 76 |
| Cash | 28 | 7 |
| Debtors | 203 | 145 |
| 313 | 228 | |
| Fixed assets | 7 | 2,122 |
| 2,113 | ||
| 472,499 | 512,699 |
Approved on behalf of the board:
R. J. FINLAYSON
Trustee.
Date: 27 May 2002.
S. K. PRIME
Trustee.
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 $000 | 2001 $000 | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Income received on other investments | 564 | 2,662 |
| Refunds of expenses by ASB Bank Community Trust | 711 | 518 |
| Net G.S.T. | – | 107 |
| Receipts from rentals | 8 | 8 |
| Donation from ASB Bank Community Trust | – | 54,543 |
| 1,283 | 57,838 | |
| Cash was disbursed on: | ||
| Net G.S.T. | (21) | – |
| Payment to suppliers, trustees and staff | (1,419) | (1,301) |
| Fund management and advisory fees | (1,931) | (1,800) |
| (3,371) | (3,101) | |
| Net cash (outflow)/inflow from operating activities | (2,088) | 54,737 |
| Cash flows from investing activities— | | |
| Cash was provided from: | | |
| Receipts from fund managers | 43,000 | 22,000 |
| Bond maturity | 105 | – |
| ASB Group Limited term loan | – | 61,067 |
| | 43,105 | 83,067 |
| Cash was disbursed on: | | |
| Purchase of fixed assets | (107) | (68) |
| Transfers to fund managers | – | (109,567) |
| | (107) | (109,635) |
| Net cash inflow/(outflow) from investing activities | 42,998 | (26,568) |
| Cash flows from funding activities— | | |
| Cash was disbursed on: | | |
| Donations to charitable organisations | (39,945) | (28,702) |
| Net cash outflow from funding activities | (39,945) | (28,702) |
| Net cash inflow/(outflow) from activities | 965 | (533) |
| Add opening cash brought forward | 86 | 619 |
| Ending cash carried forward | 1,051 | 86 |
| Cash comprises: | | |
| Cash at bank | 28 | 7 |
| Call deposits | 1,023 | 79 |
| | 1,051 | 86 |
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 —
NZ Gazette 2002, No 90
Gazette.govt.nz —
NZ Gazette 2002, No 90
✨ LLM interpretation of page content
💰
ASB Charitable Trust Financial Statements
(continued from previous page)
💰 Finance & Revenue27 May 2002
Income, Expenditure, Trust Funds, Balance Sheet, ASB Charitable Trust
- R. J. Finlayson, Trustee
- S. K. Prime, Trustee