28 SEPTEMBER 2006 NEW ZEALAND GAZETTE, No. 112 3337

11. Capital Commitments and Contingent Liabilities
    Other than committed grants, the trust has no other capital commitments or contingent liabilities.

12. Non Cash Flow Items
    The inter-trust current account with the ASB Bank Community Trust was settled by way of set-off on the distribution of the trust’s capital fund to the ASB Bank Community Trust.

13. Related Party Information
    Fixed assets are held and joint expenses are paid by this trust. Expenses are on-charged to ASB Bank Community Trust.

14 Conflicts of Interest
During the year, trustees and staff were required to declare either a direct or indirect conflict of interest in a matter being considered by the trust. Twenty-one such interests were recorded during the year and a register is available for inspection at the trust.

Audit Report
To the Trustees of ASB Charitable Trust:
We have audited the financial statements. The financial statements provide information about the past financial performance of the ASB Charitable Trust (“the trust”) and its financial position as at 31 March 2006. This information is stated in accordance with the accounting policies.

Trustees’ Responsibilities
The trustees are responsible for the preparation of financial statements which give a true and fair view of the financial position of the trust as at 31 March 2006 and the results of its operations and cash flows for the year ended on that date.

Auditors’ Responsibilities
It is our responsibility to express an independent opinion on the financial statements presented by the trustees and report our opinion to you.

Basis of Opinion
An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also includes assessing:

• the significant estimates and judgements made by the trustees in the preparation of the financial statements;
• whether the accounting policies are appropriate to the trust’s circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with New Zealand Auditing Standards. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to obtain reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial statements.

Our firm has also provided other services to the trust in relation to payroll and advisory services. These matters have not impaired our independence as auditors of the trust. The firm has no other relationship with, or interest in, the trust.

Unqualified Opinion
We have obtained all the information and explanations we have required.

In our opinion:

• proper accounting records have been kept by the trust as far as appears from our examination of those records;
• the financial statements:
  – comply with New Zealand generally accepted accounting practice;
  – give a true and fair view of the financial position of the trust as at 31 March 2006 and the results of its operations and cash flows for the year ended on that date.\n
  Our audit was completed on 29 May 2006 and our unqualified opinion is expressed as at that date.

KPMG, Auckland.

A copy of the list of all distributions of income and capital approved by the ASB Bank Community Trust and ASB Charitable Trust is available on request from ASB Trusts, P.O. Box 68-048, Newton, Auckland.

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Deer Industry New Zealand

Deer Industry New Zealand Regulations 2004

Deer Industry New Zealand Levy Rates

1. Deer Industry New Zealand.
   1.1 Deer Industry New Zealand (DINZ) is a marketing authority established by Regulation 4 of the Deer Industry New Zealand Regulations 2004.

2. DINZ levy.
   2.1 Under Regulation 18 (1) of the Deer Industry New Zealand Regulations 2004, DINZ fixes the rates of DINZ levy (which levy rates are exclusive of goods and services tax imposed by the Goods and Services Tax Act 1985) as follows:

   (a) On each deer, other than fallow deer, slaughtered in deer slaughtering premises, on the basis of hot clean carcass weight after removal of condemned parts:

   16.2 cents (sixteen point two cents) per kilogram.

   (b) On each fallow deer slaughtered in deer slaughtering premises, on the basis of hot clean carcass weight after removal of condemned parts:

   11.2 cents (eleven point two cents) per kilogram.

   (c) On each killed game deer carcass received at a packing house, zero cents per kilogram cold clean carcass weight after removal of condemned parts.