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New Zealand Gazette – 2009 – No. 130

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✨ Financial Statements

2 SEPTEMBER 2009

NEW ZEALAND GAZETTE, No. 130

THE COMMUNITY TRUST OF SOUTHLAND

NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS

For the Year Ended 31 March, 2009

11. TRUST ADVANCES

Loan balances outstanding at 31 March, 2009 were as follows:

	Group 2009 $000	Group 2008 $000	Parent 2009 $000	Parent 2008 $000
Bluff Healthy Homes	10	32	10	32
Southland Outdoor Stadium Trust	750	-	750	-
Southland Rural Fire Authority	40	50	40	50
Invercargill Artificial Sport Surface Trust	97	97	97	97
Northern Southland Medical Trust	50	50	50	50
Oatau Community Health Trust	15	18	15	18
Troopers Memorial Corner Charitable	-	-	-	-
Trust - Yule House	150	160	150	160
Arrowtown Community Pre-School	-	9	-	9
Wyndham Rest Home	100	100	100	100
Edendale Vintage Machinery Club	80	-	80	-
Borland Lodge (i)	376	353	376	353
Southland Indoor Leisure Centre Charitable Trust (ii)	-	800	-	800
Arrowtown Trust	100	-	100	-
Total	$1,768	$1,669	$1,768	$1,669

All loans are repayable on demand. Loans are interest free with the exception of the loans to:

(i) Borland Lodge which incurs interest at a fixed rate of 6.5%.

(ii) Southland Indoor Leisure Centre Charitable Trust which incurs interest at the 90 day bank bill rate. Under the terms of an agreement with the Southland Indoor Leisure Centre Charitable Trust, the loan will be forgiven over the next 10 years. There is therefore no likelihood of the loan being required to be repaid, and as such Trustees have reclassified the loan to grants paid. Refer Note 3.

Gazette.govt.nz — NZ Gazette 2009, No 130

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✨ LLM interpretation of page content

💰 Community Trust of Southland Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCommunity Trust, Southland, Financial Statements, Investments, Interest Rates, Listed Entities, Unlisted Entities, Short Term Deposits, Managed Funds, Fund Managers, Alliance Bernstein, AMP Capital Investors, Capital International, First New Zealand Capital, Pacific Investment Management Company (PIMCO), Tyndall Investment Management, Tower Asset Management, Australasian Equities, Overseas Equities, NZ Fixed Interest, Overseas Fixed Interest, Property Equities, Foreign Exchange contracts, Cash

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