✨ Financial Statements
3024 NEW ZEALAND GAZETTE, No. 130 2 SEPTEMBER 2009
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2009
15. CAPITAL COMMITMENTS
Commitments of up to $600,000 (2008: $4,568,000) exist for Trust Advances which Trustees have approved, but which had not been drawn down as at balance date. The approved advances are as follows:
| | Group | | Parent |
| :--- | :--- | :--- | :--- | :--- |
| | 2009 $000 | 2008 $000 | 2009 $000 | 2008 $000 |
| South Catlins Environment and Development Trust | 600 | 600 | 600 | 600 |
| Living Fiordland Charitable Trust | - | 3,700 | - | 3,700 |
| Bluff Healthy Homes | - | 168 | - | 168 |
| Arrowtown Trust | - | 100 | - | 100 |
| | ------ | ------ | ------ | ------ |
| | $600 | $4,568 | $600 | $4,568 |
A commitment of $115,000 has been made as the Community Trust of Southland’s commitment to a combined Community Trusts’ national database project.
16. RECONCILIATION WITH OPERATING SURPLUS
| | Group | | Parent |
| :--- | :--- | :--- | :--- | :--- |
| | 2009 $000 | 2008 $000 | 2009 $000 | 2008 $000 |
| Net surplus/(deficit) after taxation | (24,089) | (14,233) | (23,700) | (14,820) |
Add (less) movement in working capital
| Increase/(decrease) in accounts payable and grants committed not paid | (1,971) | 1,171 | (2,023) | 1,175 |
| (Increase)/decrease in accounts receivable | 611 | (136) | 682 | (141) |
| | ------ | ------ | ------ | ------ |
| | $(1,360) | $1,035 | $(1,341) | $1,034 |
Add (less) movement in non-cash items
| Gains/(losses) from change in fair value investments | 20,609 | 13,806 | 20,475 | 13,826 |
| Depreciation | 49 | 48 | 50 | 47 |
| Other | 7 | (37) | (580) | (37) |
| Revaluation of property, plant and equipment | 8 | (40) | 8 | (40) |
| Share of associate’s earnings | 68 | (87) | - | - |
| Movement in NPV of loans | 169 | 150 | 169 | 150 |
| | ------ | ------ | ------ | ------ |
| | $20,910 | $13,840 | $20,122 | $13,946 |
Add (less) items classified as investing/financing activities
| Loan repayment by way of grant approval | 401 | 475 | 401 | 475 |
| | ------ | ------ | ------ | ------ |
| Net cash provided from operating activities | $(4,138) | $1,117 | $(4,518) | $635 |
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NZ Gazette 2009, No 130
✨ LLM interpretation of page content
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Community Trust of Southland Financial Statements
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💰 Finance & RevenueCommunity Trust, Southland, Financial Statements, Property, Plant & Equipment, Land, Buildings, Office Equipment, Furniture & Fittings, Motor Vehicles, Depreciation, Net Book Value, Capital Commitments, Trust Advances, Operating Surplus, Net Surplus, Taxation, Accounts Payable, Accounts Receivable, Fair Value Investments, Non-Cash Items, Revaluation, Associate Earnings, NPV of Loans, Loan Repayment, Grant Approval, Net Cash, Operating Activities