New Zealand Gazette – 2007 – No. 87

Page 2278

✨ Financial Statements



2278

NEW ZEALAND GAZETTE, No. 87

2 AUGUST 2007

  1. Reserves

Investment fluctuation reserve:

Balance at beginning of the year 23,470 18,547
Transfer from (to) income 5,467 4,923
Balance at the end of the year 28,937 23,470

Donation reserve:

Balance at beginning of the year – –
Transfer from/(to) income – 1,149
Less donations paid – (1,149)
Balance at the end of the year – –

  1. Taxation

The taxation (GST, Trans-Tasman Imputation and Miscellaneous Provisions) Act 2003 amended the Income Tax Act (1994) to exempt the trust from income tax from 1 April 2004 and the trust is not required to prepare an income tax return beyond 31 March 2004. The trust can continue to make distributions to community organisations without an income tax liability.

  1. Payables

Accounts payable 163 130
Employee entitlements 12 13
175 143

  1. Investments

Enhanced passive global equities 71,791 71,051
NZ fixed interest and cash 90,186 85,552
NZ equities and cash 20,820 18,575
Global fixed interest 65,097 60,930
247,894 236,108

  1. Property, Plant and Equipment

Office equipment:

Opening cost 198 209
Add additions 49 7
Less disposals (12) (18)
Closing cost 235 198
Opening depreciation 138 117
Less disposals (11) –
Depreciation expense 38 21
Closing depreciation 165 138
Net book value 70 60

Motor vehicles:

Opening cost 74 74
Add additions/(disposals) 22 –
Closing cost 96 74
Opening depreciation 39 23
Depreciation expense 18 16
Closing depreciation 57 39
Net book value 39 35



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 87


Gazette.govt.nz — PDF NZ Gazette 2007, No 87




✨ LLM interpretation of page content

🏢 Notes to and Forming Part of the Consolidated Financial Statements for the Year Ended 31 March 2007 (continued from previous page)

🏢 State Enterprises & Insurance
Accounting policies, Financial statements, Trust funds, Investment fluctuation reserve, Donation reserve