✨ Financial Statements
3326 NEW ZEALAND GAZETTE, No. 112 28 SEPTEMBER 2006
Note 2006
$000 2005
$000
Less liabilities:
ASB Charitable Trust inter-trust current account – 106
Sundry accounts payable 794 183
Outstanding grants payable 6.2 47,534 28,229
48,328 28,518
Net assets at 31 March 1,043,943 460,670
Represented by—
Trust funds:
Original capital 7.1 579,106 327,320
Capital maintenance reserve 7.2 169,761 32,142
General reserve 7.3 200,000 75,000
Community innovation reserve 7.4 65,000 –
Retained surplus 7.5 30,076 26,208
1,043,943 460,670
Approved on behalf of the board:
S. K. PRIME, Chairman
P. N. SNEDDEN, Deputy Chairman.
Date: 29 May 2006.
The notes to these financial statements form part of and should be read in conjunction with this balance sheet.
Statement of Cash Flows for the Year Ended 31 March 2006
Note 2006 2005
$000 $000
Cash flows from operating activities—
Cash was provided from:
Income received on other investments 438 665
Cash was disbursed on:
Payment to suppliers, trustees and staff (63) (59)
Refunds to ASB Charitable Trust for the services of suppliers, trustees and staff (859) (821)
Fund management and advisory fees (771) (690)
(1,693) (1,570)
Net cash outflow from operating activities 12 (1,255) (905)
Cash flows from investing activities—
Cash was provided from:
Receipts from fund managers 43,736 29,546
Cash was disbursed on:
Transfers to fund managers (12,000) (9,942)
Net cash inflow from investing activities 31,736 19,604
Cash flows from funding activities—
Cash was disbursed on:
Grants to community organisations (30,185) (18,913)
Net cash outflow from funding activities (30,185) (18,913)
Net cash (outflow)/inflow from activities 296 (214)
Add: Cash at bank 1 April 2005 322 536
ASB Charitable Trust cash received on distribution 624 –
Cash at bank at 31 March 2006 1,242 322
Cash at bank at 31 March 2006 comprises:
Cash at bank 18 5
Call deposits 1,224 317
1,242 322
The notes to these financial statements form part of and should be read in conjunction with this statement of cash flows.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 112
Gazette.govt.nz —
NZ Gazette 2006, No 112
✨ LLM interpretation of page content
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Financial Performance and Position of ASB Bank Community Trust
(continued from previous page)
💰 Finance & Revenue29 May 2006
Financial Statements, Balance Sheet, Cash Flows, Trust Funds, ASB Bank Community Trust
- S. K. Prime, Chairman
- P. N. Sneddon, Deputy Chairman