✨ Financial Statements
2386 NEW ZEALAND GAZETTE, No. 95 5 AUGUST 2004
Investment gains/(losses) (refer note 5) 9,129 (10,247)
Donations cancelled and refunded 6 28
14,878 (5,248)
Less expenditure:
Advertising/public reporting 45 50
Audit fees 7 7
Accountancy fees 9 9
Portfolio management and advisory fees 314 322
Office administration 207 207
Office rental 14 14
Other administration costs 85 94
Trustees’ fees 153 109
Trustees’ expenses 50 45
Depreciation 884 857
Loss on disposal of assets – 1
Total operating costs 891 869
Net surplus/(deficit) before donations 13,987 (6,117)
Donations round 1,278 2,205
Net surplus/(deficit) after donations 12,709 (8,322)
Plus/(less) transfers:
Income fluctuation reserve (10,233) 8,419
Inflation and population growth reserve (2,354) –
(12,587) 8,419
Net surplus/(deficit) after reserve transfers 122 97
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Movements in Equity for the Year Ended 31 March 2004
| 2004 | 2003 | |
|---|---|---|
| $(000) | $(000) | |
| Equity at 1 April 2003 | 106,266 | 114,685 |
| Less donations paid from capital: | ||
| Donations round | (77) | (52) |
| Dillon Scholarship | (45) | (45) |
| 106,144 | 114,588 | |
| Net surplus | 122 | 97 |
| Increase/(decrease) income fluctuation reserve | 10,233 | (8,419) |
| Increase/(decrease) inflation and population growth reserve | 2,354 | – |
| Total recognised revenue and expenses for the year | 12,709 | (8,322) |
| Equity at 31 March 2004 | 118,853 | 106,266 |
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Financial Position as at 31 March 2004
| Note | 2004 | 2003 |
|---|---|---|
| $(000) | $(000) | |
| Equity: | ||
| Trust capital | 89,308 | 89,308 |
| Income fluctuation reserve | 13,649 | 3,416 |
| Inflation and population reserve | 15,896 | 13,542 |
| Total equity | 118,853 | 106,266 |
Represented by—
Current assets:
Westpac—
Current account | 6 | 79 |
Call account | 2 | 1 |
Bank of New Zealand—
Term deposit | 2 | 90 |
Interest free loans | 30 | 0 |
Accounts receivable | 31 | – |
| 71 | 170 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 95
Gazette.govt.nz —
NZ Gazette 2004, No 95
✨ LLM interpretation of page content
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Bay of Plenty Community Trust Incorporated Financial Statements for the Year Ended 31 March 2004
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💰 Finance & Revenue3 June 2004
Financial Statements, Investment Gains, Expenditure, Net Surplus, Equity Movements, Financial Position, Bay of Plenty Community Trust