✨ Financial Statements
2890 NEW ZEALAND GAZETTE, No. 125 21 AUGUST 2009
- OTHER EXPENDITURE
| 2009 | 2008 | |
|---|---|---|
| OTHER EXPENDITURE | $000 | $000 |
| Audit fees | 42 | 53 |
| Depreciation - Land and Buildings | - | 21 |
| Depreciation - Office Equipment and Furniture | 79 | 95 |
| Legal fees | 62 | 40 |
| Occupancy costs | 106 | 72 |
| Other operating costs | 1,311 | 952 |
| Public and statutory reporting | 165 | 177 |
| Staff expenses | 2,062 | 1,871 |
| Trustees’ fees | 277 | 256 |
| Trustees’ expenses | 127 | 123 |
| Tax Advice (paid to KPMG - Auditors) | 9 | 1 |
| Total | 4,240 | 3,661 |
- RELATED PARTY INFORMATION
The following companies have been established by the Trust:
| Name | Interest Held | Balance Date | Principle Purpose |
|---|---|---|---|
| ASB Trusts Amateur Public Sports Promotion Limited | 100% | 31 March | Grants to amateur sport bodies |
| ASB Community Trust Charitable Purposes Limited | 100% | 31 March | Grants for specific charitable purposes |
These subsidiaries were incorporated on 29 March 2001. They have not traded since incorporation.
ASB Community Trust Charitable Purposes Limited is a registered charity under the Charities Act 2005. Its registration number is CC38999. On 31 March 2008 the Trust committed, but has not paid, a grant of $17 million to the ASB Community Trust Charitable Purposes Limited to further the objectives of the company. The balance of this grant outstanding at 31 March 2009 was $12.1 million, the difference being grants written back in the current year.
The Trustees are the key management personnel of the Trust as defined by NZ IAS 24: Related Party Disclosures. As the Trustees are not employees of the Trust, they do not receive short term employee benefits, post employment benefits, other long term benefits, or termination benefits. Trustees are appointed by the New Zealand Government and remunerated at rates set by the Government. These rates were last set in June 2002. During the year Trustees received honoraria and meeting fees as follows:
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NZ Gazette 2009, No 125
✨ LLM interpretation of page content
💰 Other Expenditure
💰 Finance & RevenueAudit fees, Depreciation, Legal fees, Occupancy costs, Trustees' fees
💰 Related Party Information
💰 Finance & RevenueASB Trusts Amateur Public Sports Promotion Limited, ASB Community Trust Charitable Purposes Limited, Charities Act 2005