New Zealand Gazette – 2009 – No. 107

Page 2463

✨ Financial Statements Notes



24 JULY 2009 NEW ZEALAND GAZETTE, No. 107 2463

TSB Community Trust

Notes to the Financial Statements

For the year ended 31 March 2009

6. Property, Plant & Equipment continued

Buildings Furniture & Fittings Other Fixed Assets Total
2008 $ $ $ $
Cost 2,070 9,913 136,232 148,215
Accumulated depn (2,070) (5,721) (100,902) (108,693)
Opening net book value — 4,192 35,330 39,522
Additions — — 8,084 8,084
Disposals — — (476) (476)
Depreciation — (2,477) (26,898) (29,375)
Closing net book value — 1,715 16,040 17,755
Buildings Furniture & Fittings Other Fixed Assets Total
Cost 2,070 9,913 125,518 137,501
Accumulated depn (2,070) (8,198) (109,478) (119,746)
— 1,715 16,040 17,755

7. Trust Capital

2009 2008
$ $
Trust capital 100 100
Initial gift 10,000,000 10,000,000
10,000,100 10,000,100

The initial gift comprises 20,000,000 fully paid shares at 50c each in the TSB Bank Limited.

8. Retained Earnings

2009 2008
$ $
Balance at beginning of year 8,580,971 6,452,333
Net profit/(loss) 2,709,456 2,128,638
Balance at end of year 11,290,427 8,580,971


Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2009, No 107




✨ LLM interpretation of page content

🏢 TSB Community Trust Financial Statements Notes (continued from previous page)

🏢 State Enterprises & Insurance
Financial Statements, Property, Plant, Equipment, Trust Capital, Retained Earnings, Depreciation, Net Profit