New Zealand Gazette – 2005 – No. 108

Page 2601

✨ Trust Financial Statements



14 JULY 2005

NEW ZEALAND GAZETTE, No. 108

2601

Trust equity:

2005 $\ 2004 $\
Trust capital 100 100 100
Initial gift 10,000,000 10,000,000
Retained funds 7,554,364 6,017,396
17,554,464 16,017,496
Total funds employed 18,153,070 16,480,109

The accompanying notes form part of these financial statements.

For and on behalf of the trustees:
C. B. TUUTA, Trustee.
Date: 23 June 2005.

Statement of Financial Performance and Statement of Movements in Equity for the Year Ended 31 March 2005

Notes 2005 $\ 2004 $\
Dividends 6,265,000 5,200,000
Interest 259,576 185,585
Other income 4 – 2,807
Operating revenue 6,524,576 5,388,392
Audit fees 9,096 17,513
Trustee honoraria 74,747 73,720
Trustee expenses 13,842 9,348
Other expenses 188,497 164,523
Depreciation 24,711 10,257
Operating expenses 310,893 275,361
Funds available for distribution 6,213,683 5,113,031
Donations during the year 4,576,714 3,948,546
Suspension of loan 3 100,000 –
Net surplus before taxation 1,536,969 1,164,485
Net surplus after taxation 1,536,969 1,164,485

Statement of Movements in Equity

2005 $\ 2004 $\
Equity at beginning of the year 16,017,495 14,853,011
Net surplus for the year 1,536,969 1,164,485
Equity at end of the year 17,554,464 16,017,496

The accompanying notes form part of these financial statements.

Statement of Cash Flows for the Year Ended 31 March 2005

Notes 2005 $\ 2004 $\
Cash flows from operating activities—
Cash was provided from:
Interest income received 249,005 172,283
Dividend income received 5,290,000 5,175,000
Other income received – 22,763
5,539,005 5,370,046
Cash was applied to:
Donations paid 4,444,314 4,452,700
Operating expenditure 282,588 237,280
4,726,902 4,689,980
Net cash flow from operating activities 812,103 680,066
Cash flows from investing activities
Cash was applied to:
Net increase in investment securities 780,000 600,000
Property, plant and equipment purchased 59,780 44,072
839,780 644,072
Net cash flow from investing activities (839,780) (644,072)


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 108


Gazette.govt.nz — PDF NZ Gazette 2005, No 108




✨ LLM interpretation of page content

🏢 TSB Community Trust Financial Position Statement (continued from previous page)

🏢 State Enterprises & Insurance
23 June 2005
Financial Statement, TSB Community Trust, Assets, Liabilities
  • C. B. Tuuta (Trustee), Signed financial statements

  • C. B. Tuuta, Trustee