New Zealand Gazette – 2003 – No. 85

Page 2231

✨ Financial Statements



NEW ZEALAND GAZETTE

24 JULY 2231

Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2003

Note 2003 2002
Total trust funds at beginning of year 427,897,483
Less donations paid from capital (3,283,470)
3 424,614,013
Add net deficit for the year (12,998,252)
Increase in capital base reserve 9,803,245
Total trust funds at end of year 421,419,006

Represented by:

Note 2003 2002
4 Core real capital base reserve 358,000,000
4 Accumulated income reserve 22,753,691
4 Capital base reserve 40,665,315
421,419,006

Consolidated Statement of Financial Position as at 31 March 2003

Note 2003 2002
4 Trust funds 421,419,006

Represented by—

Current assets:

| | WestpacTrust operating accounts | 25,644 | 23,042 |
| | Bank deposits | 858,757 | 1,422,962 |
| | Property manager operating account | 89 | 10,936 |
| | Accounts receivable | 1,666 | 10,905 |
| 14 | Taxation refund due | 188 | 259 |
| | Good and services tax | 6,597 | – |
| | | 892,941 | 1,468,104 |

Investments:

| 7 | Property investments | 8,365,236 | 7,530,632 |
| 13 | Managed funds | 412,156,932 | 419,093,410 |
| | | 420,522,168 | 426,624,042 |

Fixed assets:

| 8 | | 114,186 | 81,364 |

Total assets:

| | | 421,529,295 | 428,173,510 |

Current liabilities:

| | Accounts payable and goods and services tax | 80,764 | 269,326 |
| | Rents received in advance | 29,525 | – |
| | Goods and services tax | – | 6,693 |
| | | 110,289 | 276,019 |

Net assets:

| | | 421,419,006 | 427,897,491 |

Consolidated Statement of Cash Flows for the Year Ended 31 March 2003

Note 2003 2002

Cash was provided by (used for)—

Operations:

| 5 | Income from investments | 9,727,615 | 10,841,892 |
| | Payments to suppliers, employees and trustees | (2,144,284) | (2,728,941) |
| | Payments of taxation | 71 | 42 |
| | Payments of goods and services tax | (10,009) | 6,315 |
| | Donations to the community | (11,476,678)| (19,561,924)|
| | | (3,903,285) | (11,442,616)|

Investing:

| | Managed funds investments | 4,503,737 | 13,436,372 |
| | Movement in term deposits | 564,205 | (118,546) |
| | Community loans | – | 6,833 |
| | Sale (purchase) of fixed assets | (1,162,055) | (1,967,238) |
| | | 3,905,887 | 11,357,421 |

Increase in cash:

| | | 2,602 | (85,195) |

Cash at beginning of year:

| | | 23,042 | 108,237 |

Cash at end of year:

| | | 25,644 | 23,042 |

Represented by:

| | WestpacTrust operating accounts | 25,644 | 23,042 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 85


Gazette.govt.nz — PDF NZ Gazette 2003, No 85




✨ LLM interpretation of page content

💰 The Community Trust Consolidated Financial Statements for the Year Ended 31 March 2003 (continued from previous page)

💰 Finance & Revenue
26 May 2003
Community Trust, Financial Statements, Trust Funds, Financial Position, Cash Flows