✨ Financial Statements Notes
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2009 (Continued)
(e) Depreciation
The assets of the Trust are stated at cost price less depreciation based on rates as allowed by the Inland Revenue Department.
Changes in Accounting Policies
There have been no changes in Accounting Policies.
- Capital Fund
| 2009 $ | 2008 $ | |
|---|---|---|
| Initial Capital Fund | 32,087,148 | 32,087,148 |
| Balance at End of Year | 32,087,148 | 32,087,148 |
- Inflation Reserve
| 2009 $ | 2008 $ | |
|---|---|---|
| Balance at Beginning of the Year | 8,117,800 | 8,121,257 |
| Transfer to General Reserves | (3,958,481) | (3,457) |
| Balance at End of Year | 4,159,319 | 8,117,800 |
- General Reserves
| 2009 $ | 2008 $ | |
|---|---|---|
| Balance at Beginning of the Year | - | 2,829,053 |
| Add Surplus for the Year | (3,155,113) | (1,752,383) |
| Donations Returned | 8,821 | 6,715 |
| (3,146,292) | 1,083,385 | |
| Deduct Donations Approved | (812,189) | (1,086,842) |
| Transfer from Inflation Reserve | 3,958,481 | 3,457 |
| Balance at End of the Year | - | - |
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NZ Gazette 2009, No 132
✨ LLM interpretation of page content
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Notes to the Financial Statements for the Year Ended 31 March 2009
(continued from previous page)
💰 Finance & RevenueAccounting Policies, Depreciation, Capital Fund, Inflation Reserve, General Reserves, Financial Statements