✨ Financial Statements
2 AUGUST 2007
NEW ZEALAND GAZETTE, No. 87
2275
Statement of Changes in Trust Funds for the Year Ended 31 March 2007
| Notes | 2007 $\'000 | 2006 $\'000 |
|---|---|---|
| Trust funds at the start of the year | 237,485 | 217,189 |
Surplus and revaluations—
Net surplus for the year:
| Notes | 2007 $\'000 | 2006 $\'000 | |
|---|---|---|---|
| Capital | 5 | 5,350 | 15,373 |
| Investment fluctuation reserve | 6 | 5,467 | 4,923 |
| Donation reserve | 6 | – | 1,149 |
| Total recognised revenues and expenses for the period | 10,817 | 21,445 |
Other movements:
| Notes | 2007 $\'000 | 2006 $\'000 | |
|---|---|---|---|
| Donations paid from capital | 6 | – | (1,149) |
| Trust funds at the end of the year | 248,302 | 237,485 |
Statement of Financial Position as at 31 March 2007
| Notes | 2007 $\'000 | 2006 $\'000 |
|---|
Trust funds:
| | | |
| Capital | 5 | 219,365 | 214,015 |
| Investment fluctuation reserve | 6 | 28,937 | 23,470 |
| Donation reserve | 6 | – | – |
| Total trust funds | | 248,302 | 237,485 |
Current liabilities:
| | | |
| Accounts payable | 8 | 175 | 143 |
| Donations payable | | 1,892 | 1,474 |
| | | 2,067 | 1,617 |
| Total trust funds and liabilities | | 250,369 | 239,102 |
Current assets:
| | | |
| Westpac Limited | | 71 | 632 |
| Receivables | | 39 | 63 |
| | | 110 | 695 |
Non-current assets:
| | | |
| Investments | 9 | 247,894 | 236,108 |
| Property, plant and equipment | 10 | 2,365 | 2,299 |
| Total assets | | 250,259 | 238,407 |
| | | 250,369 | 239,102 |
Statement of Cash Flows for the Year Ended 31 March 2007
| Notes | 2007 $\'000 | 2006 $\'000 |
|---|
Cash flow from operating activities—
Cash was provided from:
| | | |
| Investment income received | | 15,685 | 16,684 |
| | | 15,685 | 16,684 |
Cash was applied to:
| | | |
| Payments to suppliers and employees | | (1,895) | (2,116) |
| Donations paid from income | | (7,828) | (6,682) |
| | | (9,723) | (8,798) |
Net cash (used in)/provided by operating activities
| | 12 | 5,962 | 7,886 |
Cash flow from investing activities—
Cash was provided from:
| | | |
| Net decrease in investments | | – | – |
Cash was applied to:
| | | |
| Net increase in investments | | (6,075) | (6,119) |
| Purchase of property, plant and equipment | | (154) | (98) |
| | | (6,229) | (6,217) |
Net cash (used in)/provided by investing activities
| | | (6,229) | (6,217) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 87
Gazette.govt.nz —
NZ Gazette 2007, No 87
✨ LLM interpretation of page content
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Financial Performance Statement of The Waikato Community Trust Incorporated
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🏢 State Enterprises & InsuranceFinancial statement, Community trust, Revenue, Expenses, Surplus