✨ Financial Statements
28 AUGUST NEW ZEALAND GAZETTE 3217
Add non current assets—
Managed Funds Investments:
– New Zealand debt 2 14,470,443 12,915,261
– New Zealand equity 2 2,916,785 6,237,789
– Offshore debt 6,021,337 5,334,884
– Offshore equity 8,126,492 10,629,471
Net assets 31,535,057 35,117,405
31,136,967 34,729,876
Signed on behalf of the board of trustees.
P. F. MCILRAITH C. E. BRAND
Chairperson. Trustee.
Dated: 25 August 2003.
Consolidated Statement of Cash Flows for the Year Ended 31 March 2003
| 2003 $ | 2002 $ | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Interest on deposits | 417 | 75,821 |
| Taxation refund | 589 | – |
| 1,006 | 75,821 | |
| Cash was applied to: | ||
| Suppliers of goods and services | (320,421) | (236,236) |
| Donations paid | (844,717) | (2,081,045) |
| (1,165,138) | (2,317,281) | |
| Net cash flows from operating activities | (1,164,133) | (2,241,460) |
| Cash flows from investing activities— | | |
| Cash was provided from: | | |
| Withdrawal of managed funds (GT) | 1,217,141 | 17,390,187 |
| | 1,217,141 | 17,390,187 |
| Cash was applied to: | | |
| Managed funds (SSgA) | – | 16,000,000 |
| | 1,217,141 | 1,390,187 |
| Net cash flows from investing activities | 1,217,141 | 1,390,187 |
| Increase/(decrease) in cash held | 53,009 | (851,272) |
| Add opening cash 1 April 2002 | 24,533 | 875,805 |
| Cash as at 31 March 2003 | 77,542 | 24,533 |
Comprised of—
WestpacTrust:
- Subsidiary company account | 3,141 | 9,395 |
- Current account | 74,401 | 15,038 |
- Ready access account | – | 100 |
| 77,542 | 24,533 |
Reconciliation of Net Surplus and Net Cash Flows From Operating Activities
| 2003 $ | 2002 $ | |
|---|---|---|
| Net surplus transferred to equity | (2,899,679) | (551,462) |
| Plus donations returned | 26,000 | 16,040 |
| Less donations approved | (723,410) | (1,555,856) |
| (3,597,089) | (2,091,278) |
Plus/(less) non cash items:
| Managed funds gains/losses | 2,369,387 | 341,353 |
| Transfer from Aorangi Park Trust | 40,000 | 40,000 |
| | 2,409,387 | 381,353 |
| | (1,187,702) | (1,709,925) |
Movements in working capital:
| Increase/(decrease) in donations approved not yet paid | (187,308) | (581,229) |
| Increase/(decrease) in creditors | 32,488 | 21,598 |
| (Increase)/decrease in accrued interest | 154,973 | 31,120 |
| (Increase)/decrease in tax refund due | (3,731) | – |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 118
Gazette.govt.nz —
NZ Gazette 2003, No 118
✨ LLM interpretation of page content
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Community Trust of Mid & South Canterbury Annual Report
(continued from previous page)
🎓 Education, Culture & Science25 August 2003
Annual Report, Financial Statements, Cash Flows, Donations, Investments
- P. F. McIlraith, Chairperson of the board of trustees
- C. E. Brand, Trustee