✨ Financial Statements
NEW ZEALAND GAZETTE, No. 158
15 SEPTEMBER 2005
ASB Bank Community Trust / ASB Charitable Trust
Community Trusts Act 1999
ASB Bank Community Trust
Statement of Income and Expenditure for the Year Ended 31 March 2005
| Note | 2005 $000 | 2004 $000 |
|---|---|---|
| Income: | ||
| Investments | 2 | 37,016 |
Direct expenditure:
| Fund management, custodian and advisory fees | | 708 | 690 |
| Other expenditure | 7 | 36,308 | 72,587 |
| Surplus before tax | | 35,404 | 71,774 |
| Taxation | 4 | – | – |
| Net surplus | | 35,404 | 71,774 |
Statement of Movement in Trust Funds for the Year Ended 31 March 2005
| 2005 $000 | 2004 $000 | |
|---|---|---|
| Net surplus | 35,404 | 71,774 |
| Committed donations | 5 | (22,152) |
| Total trust funds at beginning of year | 447,418 | 396,490 |
| Total trust funds at end of year | 460,670 | 447,418 |
The notes to these financial statements form part of and should be read in conjunction with this statement of income and expenditure and statement of movement in trust funds.
Balance Sheet as at 31 March 2005
| Note | 2005 $000 | 2004 $000 |
|---|
Source of funds—
Trust funds:
| Capital | 327,320 | 327,320 |
| Capital maintenance reserve | 6 | 32,142 | 22,252 |
| General reserve | 6 | 75,000 | 50,000 |
| Retained surplus | | 26,208 | 47,846 |
| | | 460,670 | 447,418 |
Liabilities:
| ASB Charitable Trust | | 106 | 81 |
| Creditors | | 183 | 189 |
| Committed donations | 5 | 28,229 | 24,990 |
| | | 28,518 | 25,260 |
| | | 489,188 | 472,678 |
Employment of funds—
Investments:
| Managed funds | 3 | 488,866 | 472,120 |
| Other investments | 3 | 317 | 521 |
| | | 489,183 | 472,641 |
Current assets:
| Cash | | 5 | 15 |
| Debtors | | – | 22 |
| | | 5 | 37 |
| | | 489,188 | 472,678 |
Approved on behalf of the board:
S. K. PRIME, Chairman
P. N. SNEDDEN, Deputy Chairman.
Date: 30 May 2005.
The notes to these financial statements form part of and should be read in conjunction with this balance sheet.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 158
Gazette.govt.nz —
NZ Gazette 2005, No 158
✨ LLM interpretation of page content
💰 ASB Bank Community Trust Financial Statements
💰 Finance & Revenue30 May 2005
Financial statements, Income and expenditure, Balance sheet, Trust funds, Investments
- S. K. Prime, Chairman
- P. N. Sneddon, Deputy Chairman