3822 NEW ZEALAND GAZETTE, No. 154 8 SEPTEMBER 2005

Prepayments
The Embassy Theatre Trust 5 8,082 9,092
Karori Wildlife Sanctuary Trust 5 175,000 80,000
G.S.T. refund due 35,857 1,378
Taxation refund 3 157 15,664
Total current assets 2,020,808 1,831,034

Current liabilities:
Accounts payable – trading 104,331 58,968
Accounts payable – investment 31,109 31,734
Marac Finance – current portion 1,935 1,766
Total current liabilities 137,375 92,468
Working capital 1,883,433 1,738,566

Non current assets:
Property, plant and equipment 4 26,574 27,987
Investments 6 36,061,079 34,544,041
Total non-current assets 36,087,653 34,572,028

Non current liabilities
Marac Finance – long term portion 9,824 5,129
Total non-current liabilities 9,824 5,129
Net assets 37,961,262 36,305,465

Represented by:
Equity
Trust capital brought forward 36,305,465 33,837,560
Trustees’ surplus for the year 1,826,882 2,512,041
Other movements (171,085) (44,136)
Total equity 37,961,262 36,305,465

For and on behalf of the board of trustees:
MATHEW BLACKBURN, Chairperson.
LINDA RIEPER, Trustee.
Date: 4 August 2005.

Consolidated Statement of Cash Flows for the Year Ended 31 March 2005

Cash flows from operating activities—
Cash was provided from:
Interest on investments 145,840 910,946
Rental income 105,460 103,472
Donations returned – 1,297
Miscellaneous income 12,764 35,741
Realised revenue 2,279,365 438,596
Dividends received 658,902 412,323
Income taxes refunded 15,507 –
G.S.T. received – 186
3,217,838 1,902,561

Cash was applied to:
Payments to suppliers 407,523 308,898
Payments to trustees 56,523 64,189
Payments to fund managers 205,492 92,864
Donations to community 779,475 417,376
G.S.T. paid 17,243 –
Income taxes paid – 15,031
1,466,256 898,358
Net cash inflow (outflow) from operating activities 1,751,582 1,004,203

Cash flows from investing activities
Cash was provided from:
Realisation from investments 10,069,832 30,153,823
The Embassy Theatre Trust 400,000 80,000
10,469,832 30,233,823