New Zealand Gazette – 2005 – No. 105

Page 2505

✨ Financial Statements and Notes



7 JULY 2005

NEW ZEALAND GAZETTE, No. 105

2505

  1. Payables

Accounts payable
156
227

Employee entitlements
11
7

167
234

2005
$’000

2004
$’000

  1. Investments

Passive global equities
61,598
55,758

NZ fixed interest and cash
79,087
78,237

NZ equities and cash
16,243
16,452

Global fixed interest
59,216
55,615

216,144
206,062

2005
$’000

2004
$’000

  1. Fixed Assets

Office equipment:

At cost
210
195

Accumulated depreciation
(135)
(131)

Net book value
75
64

Motor vehicles:

At cost
74
67

Accumulated depreciation
(23)
(42)

Net book value
51
25

Art and artefacts:

At cost
543
451

Accumulated depreciation
–
–

Net book value
543
451

Buildings:

At cost
969
960

Accumulated depreciation
(204)
(165)

Net book value
765
795

Land:

At cost
841
841

Accumulated depreciation
–
–

Net book value
841
841

Total property, plant and equipment
2,275
2,176

  1. Related Party Information

Trust Waikato Charities Limited, a wholly-owned charitable company established by the trust, was used to carry out charitable and investing activities. The winding up of this company is near completion. As part of the winding up process, the investments held by the company were distributed in specie to the trust on 1 April 2004.

Trust Waikato Amateur Sport Limited and Trust Waikato District Improvements Limited were wound up during the year. Neither company had traded.

  1. Capital Commitments and Contingent Liabilities

Commitments of $1,730,000 (2004 – $1,547,000) exist for donations that have been approved in the current or previous years subject to the fulfilment of certain conditions in future years. These donations which will be distributed from either capital or future income sources have not been recorded in either the statement of financial performance or statement of financial position.

Subject to fulfilment of the conditions, the commitments are payable in 2005/2006 $1,180,000 and 2006/2007 $550,000.

There are no other capital commitments or contingent liabilities at balance date (2004 – Nil).

2005
2004
$’000
$’000

  1. Cash Flow Reconciliation

Net surplus (deficit)
10,027
19,460

Adjust for non-cash items:

Depreciation and loss on sale
85
65

Investment income
(353)
(8,201)

(268)
(8,136)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 105


Gazette.govt.nz — PDF NZ Gazette 2005, No 105




✨ LLM interpretation of page content

💰 Financial Position of The Waikato Community Trust Incorporated (continued from previous page)

💰 Finance & Revenue
Financial Position, Trust Funds, Liabilities, Assets, Capital, Investment Fluctuation Reserve, Donation Reserve, Fixed Assets, Depreciation, Donations, Goods and Services Tax, Taxation, Currency Translation, Consolidation Method, Cash Flows, Financial Instruments, Investments, Accounting Policies