New Zealand Gazette – 2008 – No. 133

Page 3517

✨ Financial Statements



28 AUGUST 2008 NEW ZEALAND GAZETTE, No. 133 3517

Group 2008 Group 2007 Parent 2008 Parent 2007
Net finance costs – – – 77
Trustee remuneration 160 142 160 142
Trustee expenses 29 17 29 17
Total other expenses 791 741 762 811
Auditor’s remuneration to Polson Higgs:
– Audit of financial statements 11 9 11 9
– HR consulting 2 6 2 6
Total auditor’s remuneration 13 15 13 15

Professional fees:

Group 2008 Group 2007 Parent 2008 Parent 2007
– Accounting and other support 13 14 13 14
– Computer support 2 4 2 4
– Legal advice 9 4 4 4
– Tax advice – 16 – 16
– Other professional advice 23 17 23 17
Total professional fees 47 55 42 55

9. Donations

Group 2008 Group 2007 Parent 2008 Parent 2007
Donations paid for the year 8,216 6,550 8,216 6,550
Less recovered from subsidiary companies: – – –
– Community Trust District Improvement Co Limited – – – (1,161)
– Community Trust Amateur Sports Co Limited – – – (592)
– – – (1,753)
Balance paid 8,216 6,550 8,216 4,797
Comprising:
– Tax exempt donees 7,821 6,386 7,821 4,633
– Non tax exempt donees 395 164 395 164
8,216 6,550 8,216 4,797

| Movement in donations payable for the year | (2,042) | 1,198 | (2,042) | 1,198 |
| | 6,174 | 7,748 | 6,174 | 5,995 |

Available for non-taxable distribution to donees

2008 2007
Opening balance 163,080 163,244
Deduct donations paid to non tax exempt donees (395) (164)
Closing balance 162,685 163,080

Available for taxable distribution to donees

2008 2007
Opening balance 29,141 24,251
Current year surplus 3,756 10,720
Deduct donations approved during the year (6,174) (7,748)
26,723 27,224
Add donations paid during the year 8,216 6,550
Deduct donations paid to tax exempt donees (7,821) (4,633)
Closing balance 27,118 29,141
Total trust capital 189,803 192,221

10. Plant and Equipment – Group and Parent

Office Furniture & Equipment Total
Cost or deemed cost:
Balance at 1 April 2006 201 201
Additions 1 1
Disposals – –
Balance as at 31 March 2007 202 202
Balance at 1 April 2007 202 202
Other additions – –
Disposals – –
Balance as at 31 March 2008 202 202


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2008, No 133




✨ LLM interpretation of page content

💰 Notes to the Financial Statements–Significant Accounting Policies (continued from previous page)

💰 Finance & Revenue
24 June 2008
Accounting Policies, Foreign Currency, Financial Instruments, Property Plant Equipment, Investment Property, Impairment, Fair Values, Investment Property, Equity Securities, Debt Securities, Trade Receivables, Derivatives, Net Finance Costs, Trustee Remuneration, Trustee Expenses, Auditor’s Remuneration, Professional Fees, Donations, Tax Exempt Donees, Non Tax Exempt Donees, Plant and Equipment