✨ Financial Statements
28 SEPTEMBER 2006 NEW ZEALAND GAZETTE, No. 112 3335
| 2006 $000 | 2005 $000 |
|---|
2. Investments
Managed by external managers:
- Balance as at 1 April | 466,869 | 456,386 |
- Movement in market value and investment income | 93,433 | 37,513 |
- Net withdrawals | (21,599) | (27,030) |
- Distributed to ASB Bank Community Trust | (538,703) | – |
- Balance as at 31 March | Nil | 466,869 |
Investments managed by external managers comprise:
- Cash, deposits and miscellaneous | – | 22,580 |
- Bonds | – | 206,453 |
- Equities | – | 237,836 |
- Portfolio total | Nil | 466,869 |
Other investments comprise:
- Call deposits | 614 | 997 |
- Distributed to ASB Bank Community Trust | (614) | – |
| Nil | 997 |
3. Income
Investments:
- Pooled funds | 24,717 | 5,044 |
- Dividends | 5,692 | 3,946 |
- Interest | 7,809 | 7,958 |
- Realised gains | – | 10,239 |
- Unrealised gains | 45,234 | 4,103 |
- Realised foreign exchange gains/(losses) | (15,151) | 10,677 |
- Unrealised foreign exchange (losses)/gains | 25,132 | (4,454) |
| 93,433 | 37,513 |
4. Reserves
Capital maintenance reserve:
- Balance as at 1 April 2005 | 112,694 | 102,666 |
- Transfer from retained surplus | 12,549 | 10,028 |
- Distribution to ASB Bank Community Trust | (125,243) | – |
- Balance as at 31 March | Nil | 112,694 |
General reserve:
- Balance as at 1 April 2005 | 75,000 | 50,000 |
- Transfer from retained surplus | – | 25,000 |
- Distribution to ASB Bank Community Trust | (75,000) | – |
- Balance as at 31 March | Nil | 75,000 |
These reserves maintain the capital base of the trust.
5. Grants
For this year:
- Committed and disbursed | 10,058 | 9,534 |
- Committed but not yet disbursed | 12,086 | 11,107 |
- Total grants approved | 22,144 | 20,641 |
- Grants written back | (267) | (405) |
| 21,877 | 20,236 |
Outstanding grants payable:
- Committed in previous years | 4,336 | 2,426 |
- Committed this year | 12,086 | 11,104 |
- Distribution to ASB Bank Community Trust | (16,422) | – |
| Nil | 13,530 |
Next Page →
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 & RevenueInvestments, Income, Reserves, Grants, Financial Performance