✨ Community Trust Financial Statements
2984
NEW ZEALAND GAZETTE, No. 100
24 AUGUST 2006
Consolidated Statement of Financial Position as at 31 March 2006
| Note | 2006 $000 | 2005 $000 |
|---|---|---|
| Equity: | ||
| Trust capital | 89,308 | 89,308 |
| Income fluctuation reserve | 23,919 | 14,885 |
| Inflation and population reserve | 22,713 | 19,136 |
| Total equity | 135,940 | 123,329 |
| Represented by— | ||
| Current assets: | ||
| Westpac— | ||
| Current account | 14 | 26 |
| Call account | – | 16 |
| Bank of New Zealand— | ||
| Term deposit | 664 | 280 |
| Interest free loans | 430 | 344 |
| Accounts receivable | 4 | 11 |
| Subtotal | 1,112 | 677 |
| Non current assets: | ||
| Interest free loans | 557 | 709 |
| Investments | 135,527 | 122,885 |
| Fixed assets | 58 | 23 |
| Subtotal | 136,142 | 123,617 |
| Total assets | 137,254 | 124,294 |
| Current liabilities: | ||
| Accounts payable | (1,298) | (939) |
| Employees’ entitlement payable | (16) | (26) |
| Subtotal | (1,314) | (965) |
| Total net assets | 135,940 | 123,329 |
Signed on behalf of the Board of Trustees:
RAY SHARP, Chairman.
TERRI EGGLETON, Trustee.
Date: 3 July 2006.
The accompanying notes form part of these financial statements.
Consolidated Statement of Cash Flows for the Year Ended 31 March 2006
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Investment income | 10,743 | 7,720 |
| Other | 4 | 8 |
| Total | 10,747 | 7,728 |
| Cash was dispersed to: | ||
| Suppliers of goods and services | (1,097) | (11) |
| Trustees | (204) | (175) |
| Donations to the community | (2,847) | (2,880) |
| Dillon Memorial Scholarship | (84) | (63) |
| Total | (4,232) | (3,107) |
| Net cash flows from operating activities | 6,515 | 4,621 |
| Cash flows from investing activities— | ||
| Cash was provided from: | ||
| Sale of investments | 54,362 | 2,250 |
| Sale of fixed assets | – | – |
| Total | 54,362 | 2,250 |
| Cash was applied to: | ||
| Purchase of fixed assets | (42) | (5) |
| Purchase of investments | (60,863) | (6,832) |
| Total | (60,905) | (6,837) |
| Net cash flows from investing activities | (6,543) | (4,587) |
| Increase/(decrease) in cash held | (28) | 34 |
| Add cash at 1 April 2005 | 42 | 8 |
| Cash at 31 March 2006 | 14 | 42 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 100
Gazette.govt.nz —
NZ Gazette 2006, No 100
✨ LLM interpretation of page content
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Bay of Plenty Community Trust Annual Report
(continued from previous page)
🏢 State Enterprises & Insurance3 July 2006
Community Trust, Annual Report, Bay of Plenty, BayTrust, Financial Performance, Donations, Charitable Activities
- Ray Sharp, Chairman of the Board of Trustees
- Terri Eggleton, Trustee of the Board of Trustees