✨ Financial Statements
15 JULY 2004 NEW ZEALAND GAZETTE, No. 87
2191
The Waikato Community Trust Incorporated
Community Trusts Act 1999
The Waikato Community Trust Incorporated
Consolidated Statement of Financial Performance for the Year Ended 31 March 2004
| Notes | 2004 $'000 | 2003 $'000 |
|---|---|---|
| Total operating revenue | 26,632 | (5,567) |
| Total operating expenses | (1,521) | (1,676) |
| Total operating surplus (deficit) before distributions | 25,111 | (7,243) |
Less distributions:
| Donations paid from income | (5,495) | (5,804) |
| Sponsorships | (156) | (132) |
| Net surplus (deficit) before taxation | 19,460 | (13,179) |
| Income tax | – | – |
| Net surplus (deficit) retained as trustees income | 19,460 | (13,179) |
The surplus (deficit) has been allocated to:
| Capital | – | – |
| Investment fluctuation reserve | 9,432 | (4,897) |
| Donation reserve | 10,028 | (8,282) |
| | 19,460 | (13,179) |
Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2004
| Notes | 2004 $'000 | 2003 $'000 |
|---|---|---|
| Trust funds at the start of the year | 189,168 | 203,539 |
| Surplus (deficit) and revaluations— | ||
| Net surplus (deficit) for the year: | ||
| Capital | 5 | – |
| Investment fluctuation reserve | 6 | 9,432 |
| Donation reserve | 6 | 10,028 |
| Total recognised revenues and expenses for the period | 19,460 | |
| Other movements: | ||
| Donations paid from capital | 6 | (554) |
| Trust funds at the end of the year | 208,074 |
Consolidated Statement of Financial Position as at 31 March 2004
| Notes | 2004 $'000 | 2003 $'000 |
|---|---|---|
| Trust funds: | ||
| Capital | 5 | 198,642 |
| Investment fluctuation reserve | 6 | 9,432 |
| Donation reserve | 6 | – |
| Total trust funds | 208,074 |
Current liabilities:
| Accounts payable | 8 | 234 | 263 |
| Donations payable | | 703 | 1,572 |
| | | 937 | 1,835 |
Total trust funds and liabilities | | 209,011 | 191,003 |
Current assets:
| Westpac Limited cheque account | | 773 | 116 |
| | | 773 | 116 |
Non-current assets:
| Investments | 9 | 206,062 | 189,164 |
| Fixed assets | 10 | 2,176 | 1,723 |
| Total assets | | 208,238 | 190,887 |
| | | 209,011 | 191,003 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 87
Gazette.govt.nz —
NZ Gazette 2004, No 87
✨ LLM interpretation of page content
💰 Financial Performance Statement for The Waikato Community Trust Incorporated
💰 Finance & RevenueFinancial Performance, Revenue, Expenses, Surplus, Waikato Community Trust
💰 Consolidated Statement of Movements in Trust Funds for The Waikato Community Trust Incorporated
💰 Finance & RevenueTrust Funds, Financial Movements, Surplus, Deficit, Waikato Community Trust
💰 Consolidated Statement of Financial Position for The Waikato Community Trust Incorporated
💰 Finance & RevenueFinancial Position, Assets, Liabilities, Trust Funds, Waikato Community Trust