New Zealand Gazette – 2008 – No. 127

Page 3350

✨ Financial Statements



3350 NEW ZEALAND GAZETTE, No. 127 14 AUGUST 2008

  1. Investment Income
2008 2007
$ $
Portfolio income-realised revenue 3,513,893 3,628,790
Net change in fair value of financial assets (5,629,279) (286,361)
Total investment income (2,115,385) 3,342,428
  1. Operating Costs
2008 2007
$ $
Included in operating costs:
Operating lease payments 157,949 148,300
Total operating costs 157,949 148,300
  1. Personnel Expenses
2008 2007
$ $
Wages and salaries 172,351 155,590
Other staff expenses 6,240 5,200
Total personnel expenses 178,591 160,790
  1. Other Expenses
2008 2007
$ $
Auditors’ fees 7,800 7,500
Depreciation 4,632 7,152
Total other expenses 12,432 14,652
  1. Finance Expenses
2008 2007
$ $
Interest expense 806 949
Total finance expenses 806 949
  1. Property, Plant and Equipment
Furniture and office equipment: 2008 2007
$ $
At cost 44,352 51,385
Less accumulated depreciation 31,268 31,997
Net book value 13,084 19,388
Depreciation charge for the year 4,632 7,152

Leased Assets

The Trust leased assets where the Trust was entitled to retain ownership of the asset at the end of the lease agreement. At 31 March 2008, the net carrying amount of the leased assets was $Nil (2007 – $4,296). See note 11.

  1. Other Investments
Financial assets designated as fair value through the profit and loss: 2008 2007
$ $
NZ Fixed Interest – ING NZ Limited 5,976,812 5,767,147
Trans Tasman Equities – ING NZ Limited 2,691,789 –
Trans Tasman Properties – Mint Asset Management Limited 4,701,316 –
International Equities – Tyndall Investment Management Limited 16,549,073 19,315,853
International Fixed Interest – Tower Asset Management Limited 9,506,152 8,702,013
Trans Tasman Equities – Walker Capital Management Limited 1,173,647 5,156,827
Trans Tasman Property – Walker Capital Management Limited – 5,690,978
Total 40,598,789 44,632,819


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2008, No 127




✨ LLM interpretation of page content

🏢 Accounting Policies for Financial Statements (continued from previous page)

🏢 State Enterprises & Insurance
6 August 2008
Accounting Policies, Financial Statements, Revenue, Income Tax, Depreciation, Investments, Financial Instruments, Impairment, Operating Leases