✨ Financial Statements
NEW ZEALAND GAZETTE
No. 89
| 2,205 | 3,233 | |
|---|---|---|
| Donations round | ||
| Net deficit after donations | (8,322) | (1,618) |
| Plus/(less) transfers: | ||
| Income fluctuation reserve | 8,419 | 1,005 |
| Inflation and population reserve | – | (62) |
| Regional facilities reserve | – | 926 |
| 8,419 | 1,869 | |
| Net surplus after reserve transfers | 97 | 251 |
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Movements in Equity for the Year Ended 31 March 2003
| 2003 $(000) | 2002 $(000) | |
|---|---|---|
| Equity at 1 April 2002 | 116,554 | |
| Less donations paid from capital: | ||
| Donations round | (52) | (207) |
| Dillon Scholarship | (45) | (44) |
| 114,588 | 116,303 | |
| Net surplus | 97 | 251 |
| Increase/(decrease) in income fluctuation reserve | (8,419) | (1,005) |
| Increase/(decrease) in inflation and population reserve | – | 62 |
| Increase/(decrease) in regional facilities reserve | – | (926) |
| Total recognised revenue and expenses for the year | (8,322) | (1,618) |
| Equity at 31 March 2003 | 106,266 | 114,685 |
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Financial Position as at 31 March 2003
| Note | 2003 $(000) | 2002 $(000) |
|---|---|---|
| Equity: | ||
| Trust capital | 89,308 | 89,308 |
| Income fluctuation reserve | 3,416 | 11,835 |
| Inflation and population reserve | 13,542 | 13,542 |
| Total equity | 106,266 | 114,685 |
| Represented by— | ||
| Current assets: | ||
| WestpacTrust— | ||
| Current account | 79 | 2 |
| Call account | 1 | 1 |
| Bank of New Zealand— | ||
| Term deposit | 90 | 33 |
| Accounts receivable | – | 3 |
| 170 | 39 | |
| Non current assets: | ||
| Investments | 5 | 106,261 |
| Fixed assets | 3 | 25 |
| Total assets | 106,286 | |
| 106,456 | ||
| Current liabilities: | ||
| Accounts payable | (163) | (578) |
| Employees' entitlement payable | (27) | (19) |
| (190) | (597) | |
| Total net assets | 106,266 | 114,685 |
Signed on behalf of the Board of Trustees:
RAY SHARP, Chairman.
TERRI EGGLETON, Trustee.
Date: 24 June 2003.
(The accompanying notes form part of these financial statements.)
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 89
Gazette.govt.nz —
NZ Gazette 2003, No 89
✨ LLM interpretation of page content
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Bay of Plenty Community Trust Annual Report
(continued from previous page)
🏢 State Enterprises & Insurance24 June 2003
Community Trust, Financial Statements, Equity Movements, Financial Position
- RAY SHARP, Chairman
- TERRI EGGLETON, Trustee