✨ Financial Statements
NEW ZEALAND GAZETTE
No. 82
Current liabilities:
| 2003 | 2002 | |
|---|---|---|
| Accounts payable | 8 | 263 |
| 252 | ||
| Donations payable | 1,572 | 2,514 |
| 1,835 | 2,766 |
Total trust funds and liabilities | 191,003 | 206,305 |
Current assets:
| 2003 | 2002 | |
|---|---|---|
| WestpacTrust cheque account | 116 | 246 |
| Short term deposits | - | 744 |
| 116 | 990 |
Non-current assets:
| 2003 | 2002 | |
|---|---|---|
| Investments | 189,164 | 203,676 |
| Fixed assets | 1,723 | 1,639 |
| 190,887 | 205,315 |
Total assets | 191,003 | 206,305 |
R. H. T. AWA, J. KILBRIDE, C. M. CAVE, M. G. LAW, N. J. CLARKE, J. T. MAIPI, B. DOUBE, T. H. MOXON,
B. L. HOSKING, J. S. PEMBERTON, L. E. KARALUS, H. A. RAUMATI, H. KATIPA, G. M. SAUNDERS, Trustees.
Dated this 16th day of June 2003.
Consolidated Statement of Cash Flows for the Year Ended 31 March 2003
| Notes | 2003 $’000 | 2002 $’000 |
|---|---|---|
| Cash flow from operating activities— | ||
| Cash was provided from: | ||
| Investment income received | 7,932 | 16,616 |
| Cash was applied to: | ||
| Payments to suppliers and employees | (1,715) | (2,049) |
| Donations paid from income | (6,841) | (7,985) |
| Tax paid | - | - |
| Net cash flow from operating activities | (624) | 6,582 |
| Cash flow from investing activities— |
| Cash was provided from: |
| Net decrease in investments | 1,757 | - |
| |
| Cash was applied to: |
| Net increase in investments | - | (4,162) |
| Purchase of fixed assets | (166) | (131) |
| Net cash flow from investing activities | 1,591 | (4,293) |
| Cash flow from financing activities— |
| Cash was applied to: |
| Donations paid from capital | (1,097) | (1,990) |
| Net cash flow from financing activities | (1,097) | (1,990) |
| Net increase (decrease) in cash held | (130) | 299 |
| Cash at beginning of the year | 246 | (53) |
| Ending cash carried forward | 116 | 246 |
The Waikato Community Trust Incorporated Notes To and Forming Part Of the Consolidated Financial Statements for the Year Ended 31 March 2003
1. Statement of Accounting Policies
Basis of Reporting
The financial statements presented here are for the reporting entity The Waikato Community Trust Incorporated and its wholly-owned subsidiaries Trust Waikato Charities Limited, Trust Waikato Amateur Sport Limited and Trust Waikato District Improvements Limited.
The financial statements have been prepared in accordance with the requirements of the Institute of Chartered Accountants of New Zealand for the measurement and reporting of profit on a historical cost basis with the exception of investments which are recorded at market value.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 82
Gazette.govt.nz —
NZ Gazette 2003, No 82
✨ LLM interpretation of page content
💰
Financial Statements of The Waikato Community Trust Incorporated
(continued from previous page)
💰 Finance & Revenue16 June 2003
Financial Performance, Trust Funds, Waikato Community Trust
- R. H. T. Awa
- J. Kilbride
- C. M. Cave
- M. G. Law
- N. J. Clarke
- J. T. Maipi
- B. Doube
- T. H. Moxon
- B. L. Hosking
- J. S. Pemberton
- L. E. Karalus
- H. A. Raumati
- H. Katipa
- G. M. Saunders