✨ Financial Statements
28 SEPTEMBER 2006 NEW ZEALAND GAZETTE, No. 112 3333
Note
| | 2006
$000 | 2005
| $000
Represented by—
Trust funds:
Capital | 251,786 | 251,786
Capital maintenance reserve | 4 | 125,243 | 112,694
General reserve | 4 | 75,000 | 75,000
Retained surplus | 72,641 | 16,384
| 524,670 | 455,864
Less trust funds distributed to ASB Bank Community Trust | (524,670) | –
Trust funds at 31 March | Nil | 455,864
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 | 115 | 703
Refunds of expenses by ASB Bank Community Trust | 859 | 821
Net GST | 152 | –
Receipts from rentals and other income | 270 | 8
| 1,396 | 1,532
Cash was disbursed on:
Net GST | – | (2)
Payment to suppliers, trustees and staff | (2,129) | (1,648)
Fund management and advisory fees | (2,132) | (1,931)
| (4,261) | (3,579)
Net cash outflow from operating activities | 11 | (2,865) | (2,047)
Cash flows from investing activities—
Cash was provided from:
Receipts from fund managers | 31,599 | 30,030
Cash was disbursed on:
Purchase of fixed assets | (127) | (19)
Transfers to fund managers | (10,000) | (3,000)
| (10,127) | (3,019)
Net cash inflow from investing activities | 21,472 | 27,011
Cash flows from funding activities—
Cash was disbursed on:
Grants to charitable organisations | (18,985) | (25,202)
Net cash outflow from funding activities | (18,985) | (25,202)
Net cash (outflow)/inflow from activities | (378) | (238)
Add opening cash brought forward | 1,002 | 1,240
Distribution to ASB Bank Community Trust | (624) | –
Ending cash | Nil | 1,002
Cash at year end comprised:
Cash at bank | – | 5
Call deposits | – | 997
| Nil | 1,002
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
💰
Notes to the Financial Statements for the Year Ended 31 March 2006
(continued from previous page)
💰 Finance & Revenue29 May 2006
Accounting Policies, Financial Statements, Trust Funds, ASB Bank Community Trust
- S. K. PRIME, Chairman
- P. N. SNEDDEN, Deputy Chairman
💰 Statement of Cash Flows for the Year Ended 31 March 2006
💰 Finance & RevenueCash Flows, Operating Activities, Investing Activities, Funding Activities, ASB Bank Community Trust