✨ ASB Community Trust Financial Statements
16 AUGUST 2007
NEW ZEALAND GAZETTE, No. 91
2411
3. Distribution of ASB Charitable Trust Funds
The following trust funds, assets and liabilities were received by way of distribution from the ASB Charitable Trust on 31 March 2006:
| 2006 | |
|---|---|
| $000 | |
| Trust funds: | |
| Original capital | 251,786 |
| Capital maintenance reserve | 125,243 |
| General reserve | 75,000 |
| Retained surplus | 72,641 |
| Total trust funds | 524,670 |
| Investments: | |
| Managed funds | 538,703 |
| Call deposits | 614 |
| Total investments | 539,317 |
| Current assets: | |
| Cash at bank | 10 |
| Sundry accounts receivable | 3 |
| Total current assets | 13 |
| Fixed assets (at depreciated values): |
| Land and buildings | 1,800 |
| Office furniture and equipment | 183 |
| Total fixed assets | 1,983 |
| Sundry accounts payable | 651 |
| Outstanding grants payable: |
| Committed in prior years | 4,336 |
| Committed this year | 12,086 |
| Total committed unpaid grants | 16,422 |
4. Fixed Assets
| 2007 Cost | 2007 Accumulated Depreciation | 2007 Book Value | 2006 Cost | 2006 Accumulated Depreciation | 2006 Book Value | |
|---|---|---|---|---|---|---|
| $000 | $000 | $000 | $000 | $000 | $000 | |
| Land and buildings | 2,079 | 300 | 1,779 | 2,079 | 279 | 1,800 |
| Office furniture and equipment | 837 | 605 | 232 | 733 | 550 | 183 |
| Total fixed assets | 2,916 | 905 | 2,011 | 2,812 | 829 | 1,983 |
5. Investments
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
5.1 Managed by External Managers
| | |
| Balance as at 1 April | 1,089,043 | 488,866 |
| Movement in market value and investment income | 89,060 | 93,210 |
| Net withdrawals | (63,763) | (31,736) |
| Investments received on distribution from ASB Charitable Trust | – | 538,703 |
| | 1,114,340 | 1,089,043 |
Investments managed by external managers comprise:
| 2007 | 2006 | |
|---|---|---|
| Cash, deposits and miscellaneous | 80,373 | 33,083 |
| Bonds | 494,027 | 467,913 |
| Equities | 481,913 | 588,047 |
| Collateralised commodity futures | 58,027 | – |
| Portfolio total | 1,114,340 | 1,089,043 |
6. Grants
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
6.1 For This Year
| | |
| Committed and disbursed | 19,954 | 8,651 |
| Committed but not yet disbursed | 47,918 | 25,814 |
| Total grants approved | 67,872 | 34,465 |
| Grants written back | (237) | (1,396) |
| Grants committed this year | 67,635 | 33,069 |
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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
✨ LLM interpretation of page content
💰
ASB Community Trust Financial Statements
(continued from previous page)
💰 Finance & Revenue28 May 2007
Financial Performance, Movement in Trust Funds, Financial Position, ASB Community Trust
💰 Distribution of ASB Charitable Trust Funds
💰 Finance & RevenueTrust Funds, Investments, Assets, Liabilities, ASB Charitable Trust
💰 Fixed Assets of ASB Community Trust
💰 Finance & RevenueFixed Assets, Depreciation, Land, Buildings, Furniture, Equipment
💰 Investments of ASB Community Trust
💰 Finance & RevenueInvestments, Managed Funds, Market Value, External Managers
💰 Grants by ASB Community Trust
💰 Finance & RevenueGrants, Disbursements, Commitments, Approvals