✨ Financial Statements
2408 NEW ZEALAND GAZETTE, No. 91 16 AUGUST 2007
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General Section
ASB Community Trust
Community Trusts Act 1999
ASB Community Trust
Statement of Financial Performance for the Year Ended 31 March 2007
| Note | 2007
$000 | 2006
$000 |
|------|---------------|---------------|
| Income received from: | | |
| Investments | 2 | 89,060 | 93,210 |
| Other income | | 2,804 | 438 |
| Total income for the year | | 91,864 | 93,648 |
| Direct expenditure incurred: | | |
| Fund management, custodian and advisory fees | | 2,703 | 730 |
| | | 89,161 | 92,918 |
| Other expenditure incurred | 8 | 2,715 | 1,246 |
| Net surplus for year | | 86,446 | 91,672 |
Statement of Movement in Trust Funds for the Year Ended 31 March 2007
| | 2007
$000 | 2006
$000 |
|-----------------------|---------------|---------------|
| Trust funds 1 April | 1,043,943 | 460,670 |
| Net surplus for year | 86,446 | 91,672 |
| Less grants committed during year | 6.1 | (67,635) | (33,069) |
| Trust funds received from ASB Charitable Trust on distribution | 3 | – | 524,670 |
| Total trust funds | 1,062,754 | 1,043,943 |
The notes to these financial statements form part of and should be read in conjunction with this statement of financial
performance and statement of movement in trust funds.
Statement of Financial Position as at 31 March 2007
| Note | 2007
$000 | 2006
$000 |
|------|---------------|---------------|
| Current assets: | | |
| Cash at bank | | 15,717 | 1,242 |
| Sundry accounts receivable | | 355 | 3 |
| | | 16,072 | 1,245 |
| Fixed assets | 4 | 2,011 | 1,983 |
| Investments: | | |
| Managed funds | 5.1 | 1,114,340 | 1,089,043 |
| Total investments | | 1,114,340 | 1,089,043 |
| Total assets | | 1,132,423 | 1,092,271 |
| Less liabilities: | | |
| Sundry accounts payable | | 1,035 | 794 |
| Outstanding grants payable | 6.2 | 68,634 | 47,534 |
| | | 69,669 | 48,328 |
| Net assets at 31 March | | 1,062,754 | 1,043,943 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 91
Gazette.govt.nz —
NZ Gazette 2007, No 91
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💰 ASB Community Trust Financial Statements
💰 Finance & RevenueFinancial Performance, Movement in Trust Funds, Financial Position, ASB Community Trust