New Zealand Gazette – 2008 – No. 143

Page 3911

✨ Financial Statements



25 SEPTEMBER 2008 NEW ZEALAND GAZETTE, No. 143 3911

Note 2008
$000 2007
$000

Less expenditure incurred:
Fund management, custodian and advisory fees (2,426) (2,703)
Other expenditure 7 (3,661) (2,715)
Grants committed during year 5.1 (60,603) (67,872)
Grants written back during year 5,646 237
Net (deficit)/surplus for the year (41,759) 18,811

Statement of Movement in Trust Funds for the Year Ended 31 March 2008 – Refer to Note 6

    Opening
    Balance
    1 April
    2007    Transfers   Closing
            Balance
            31 March
            2008

Trust capital:
Original capital 579,106 – 579,106
Capital maintenance reserve 188,483 26,098 214,581
Trust capital 6.1 767,589 793,687
Reserves:
General reserve 200,000 25,000 225,000
Community innovation reserve 51,679 (51,679) –
Retained surplus 6.4 43,486 (41,178) 2,308
Reserves 296,165 227,308
Trust funds 1,062,754 1,020,995

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 2008

Note 2008
$000 2007
$000

Assets:
Cash at bank 1,466 15,717
Sundry accounts receivable 380 355
Managed Funds 4 1,098,679 1,114,340
Fixed assets 3 1,991 2,011
Total assets 1,102,516 1,132,423

Less liabilities:
Sundry accounts payable 841 1,035
Outstanding grants payable 5.2 80,680 68,634
Total liabilities 81,521 69,669
Net assets at 31 March 1,020,995 1,062,754

Represented by—
Trust funds:
Original capital 6.1 579,106 579,106
Capital maintenance reserve 6.1 214,581 188,483
General reserve 6.2 22,500 200,000
Community innovation reserve 6.3 – 51,679
Retained surplus 6.4 2,308 43,486
Trust funds at 31 March 1,020,995 1,062,754

Approved on behalf of the board:
S. K. PRIME, Chairman.
P. N. SNEDDEN, Finance Committee Chair.
Date: 26 May 2008.

The notes to these financial statements form part of and should be read in conjunction with this statement of financial position.

Statement of Cash Flows for the Year Ended 31 March 2008

Note 2008
$000 2007
$000

Cash flows from operating activities—
Cash was provided from:
Revenue received from other activities and investments 2,403 2,470



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2008, No 143




✨ LLM interpretation of page content

💰 ASB Community Trust Financial Performance Statement (continued from previous page)

💰 Finance & Revenue
26 May 2008
Community Trust, Financial Performance, Statement, Financial Position, Cash Flows
  • S. K. PRIME, Chairman
  • P. N. SNEDDEN, Finance Committee Chair