3 AUGUST 2006 NEW ZEALAND GAZETTE, No. 91

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10. Publishing Requirements

A comprehensive list itemising all recipients was published in the Taranaki Daily News on the following dates:

1st Quarter 9 August 2005

2nd Quarter 10 November 2005

3rd Quarter 28 December 2005

4th Quarter 25 April 2006

A copy of the list of grants is available to anyone upon request (P.O. Box 667, New Plymouth).

11. Segment Information

The trust operates predominantly in one industry – investment. All operations are carried out within New Zealand.

Auditors’ Report

To the Trustees of the TSB Community Trust

We have audited the financial statements. The financial statements provide information about the past financial performance of TSB Community Trust and its financial position as at 31 March 2006. This information is stated in accordance with the accounting policies set out.

Trustees’ Responsibilities

The trustees are responsible for the preparation, in accordance with New Zealand law and generally accepted accounting practice, of financial statements which fairly reflects the financial position of TSB Community 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 to you an independent opinion on the financial statements presented by the trustees.

Basis of Opinion

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

• the significant estimates and judgements made by the trustees in the preparation of the financial statements; and
• whether the accounting policies are appropriate to TSB Community Trust 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.

Other than in our capacity as auditor, we have no relationship with, or interests in TSB Community Trust.

Unqualified Opinion

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

In our opinion, the financial statements fairly reflect the financial position of TSB Community Trust as at 31 March 2006 and the results of its operations and cash flows for the year ended on that date.

Our audit was completed on 11 July 2006 and our unqualified opinion is expressed as at that date.

DELOITTE, Chartered Accountants, Hamilton, New Zealand.

Note

The above financial statements are for the parent entity TSB Community Trust and do not include the TSB Community Trust Group information. A full set of consolidated financial statements, which includes the parent entity and group information, is available for inspection at the trust offices at 64-66 Vivian Street, New Plymouth.

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New Zealand Gazette Fee Increase

Due to increased costs, the charge for notices published in the New Zealand Gazette will increase from 40 cents per word to 50 cents per word with effect from 1 September 2006.