✨ Financial Statements
3 AUGUST 2006 NEW ZEALAND GAZETTE, No. 91 2743
Balance available for taxable distribution to donees:
| Opening balance | 6,065 | – |
| Current year surplus | 22,803 | 10,594 |
| Deduct donations approved during the year to exempt donees | (5,344) | (4,529) |
| Closing balance | 23,524 | 6,065 |
| Total trust funds | 189,174 | 171,916 |
4. Managed Funds
Managed by external managers:
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Opening balance | 173,726 | 169,505 |
| Gross income | 23,973 | 11,708 |
| Fund managers’ fees – deducted | (432) | (409) |
| Withdrawals | (6,828) | (7,078) |
| Closing balance | 190,441 | 173,726 |
Investments comprise:
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Cash and deposits | 11,512 | 11,396 |
| Bonds | 97,087 | 110,769 |
| Equities | 72,430 | 51,561 |
| Hedge funds and futures | 9,412 | – |
| Total managed funds | 190,441 | 173,726 |
Allocated as follows—
New Zealand:
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Bonds and deposits | 49,838 | 65,006 |
| Equities | 10,251 | 9,465 |
Total New Zealand: | 60,089 | 74,471 |
Overseas:
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Bonds and deposits | 58,761 | 57,159 |
| Equities | 52,443 | 42,096 |
| Hedge funds and futures | 19,148 | – |
Total Overseas: | 130,352 | 99,255 |
Total:
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Bonds and deposits | 108,599 | 122,165 |
| Equities | 62,694 | 51,561 |
| Hedge funds and futures | 19,148 | – |
| 190,441 | 173,726 |
5. Fixed Assets
| 2006 Book Value $000 | 2005 Book Value $000 | |
|---|---|---|
| Land: | ||
| At cost | 432 | 432 |
| Buildings: | ||
| At cost | 1,026 | 1,026 |
| Accumulated depreciation | (395) | (361) |
| Net value | 631 | 665 |
| Office furniture and equipment: | ||
| At cost | 258 | 237 |
| Accumulated depreciation | (214) | (198) |
| Net value | 44 | 39 |
| Total net carrying value | 1,107 | 1,136 |
| 2006 $000 | 2005 $000 | |
|---|---|---|
| Depreciation: | ||
| Buildings | 34 | 37 |
| Office furniture and equipment | 17 | 13 |
| Total depreciation | 51 | 50 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 91
Gazette.govt.nz —
NZ Gazette 2006, No 91
✨ LLM interpretation of page content
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Notes to the Consolidated Financial Statements for the Year Ended 31 March 2006
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Accounting Policies, Consolidation, Taxation, Depreciation, Investments, Cashflows, Financial Instruments, Revenue, Expenditure, Trust Funds