✨ Financial Statements
2452 NEW ZEALAND GAZETTE, No. 97 12 AUGUST 2004
Statement of Movements in Equity for the Year Ended 31 March 2004
| 2004 | 2003 | |
|---|---|---|
| $ | $ | |
| Equity at beginning of the year | 14,853,011 | 10,949,003 |
| Net surplus for the year | 1,164,485 | 3,904,008 |
| 16,017,496 | 14,853,011 | |
| Equity at end of the year | 16,017,496 | 14,853,011 |
Statement of Financial Position as at 31 March 2004
| 2004 | 2003 | |
|---|---|---|
| $ | $ | |
| Current assets: | ||
| Petty cash | 113 | 151 |
| Bank | 112,546 | 77,514 |
| Accrued interest | 39,744 | 26,445 |
| Dividend receivable | 3,540,000 | 3,515,000 |
| 3,692,403 | 3,619,110 |
| Non current assets: | | |
| Property, plant and equipment | 2 | 37,706 | 3,890 |
| Investments | 12,750,000 | 12,150,000 |
| | 12,787,706 | 12,153,890 |
| Total assets | 16,480,109 | 15,773,000 |
| Current liabilities: | | |
| Accrued charges | 48,813 | 21,989 |
| Donations payable | 413,800 | 898,000 |
| | 462,613 | 919,989 |
| Trust equity: | | |
| Trust capital | 100 | 100 |
| Initial gift | 10,000,000 | 10,000,000 |
| Retained funds | 6,017,396 | 4,852,911 |
| | 16,017,496 | 14,853,011 |
| Total funds employed | 16,480,109 | 15,773,000 |
The accompanying notes form part of these financial statements.
For and on behalf of the trustees:
C. B. TUUTA, Trustee.
Date: 27 July 2004.
Statement of Cash Flows for the Year Ended 31 March 2004
| Notes | 2004 | 2003 |
|---|---|---|
| $ | $ | |
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Interest income received | 172,283 | 126,073 |
| Dividend income received | 5,175,000 | 4,585,000 |
| Other income received | 22,763 | 19,600 |
| Taxation refund | – | – |
| 5,370,046 | 4,730,673 |
| Cash was applied to: | | |
| Donations paid | 4,452,700 | 3,513,650 |
| Operating expenditure | 237,280 | 148,699 |
| Taxation paid | – | – |
| | 4,689,980 | 3,662,349 |
| Net cash flow from operating activities | 680,066 | 1,068,324 |
| Cash flows from investing activities— | | |
| Cash was provided from: | | |
| Net decrease in investments | – | – |
| Property, plant and equipment sold | – | – |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 97
Gazette.govt.nz —
NZ Gazette 2004, No 97
✨ LLM interpretation of page content
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TSB Community Trust Financial Performance Statement
(continued from previous page)
💰 Finance & Revenue27 July 2004
Financial Performance, Dividends, Interest, Donations, Community Trust
- C. B. Tuuta, Trustee