✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
STATEMENT OF FINANCIAL PERFORMANCE
For the Year Ended 31 March, 2008
| Group | Parent | |||
|---|---|---|---|---|
| Notes | 2008 | 2007 | 2008 | 2007 |
| $000 | $000 | $000 | $000 |
Investment Income:
Dividends | | 4,909 | 5,111 | 4,886 | 5,087 |
Interest | 1 | 4,969 | 3,970 | 4,107 | 3,270 |
Gains/(losses) from change in fair value of managed funds | | (13,807) | (686) | (13,826) | (686) |
| | (3,929) | 8,395 | (4,833) | 7,671 |
Share of Associates Earnings | | 87 | 21 | - | - |
Gains/(loss) on revaluation of Property, plant and equipment | | 40 | 79 | 40 | 79 |
Expenses:
Depreciation | | 51 | 67 | 50 | 66 |
Bad debts expense | | - | 114 | - | - |
Fund managers fees| | 800 | 956 | 800 | 956 |
Trustees fees | | 182 | 201 | 182 | 201 |
Directors fees | | 60 | 58 | - | - |
Employee entitlements | | 510 | 466 | 356 | 323 |
Administration expenses | | 489 | 549 | 462 | 443 |
Operating surplus/(deficit) before grants | | (5,894) | 6,084 | (6,643) | 5,761 |
Grants | 3 | 8,177 | 11,450 | 8,177 | 11,450 |
Net surplus/(deficit) before taxation | | (14,071) | (5,366) | (14,820) | (5,689) |
Taxation expense | 4 | 162 | - | - | - |
Net surplus/(deficit) after taxation | | $(14,233) | $(5,366) | $(14,820) | $(5,689) |
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NZ Gazette 2009, No 29
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Financial Statements of The Community Trust of Southland
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💰 Finance & Revenue26 November 2008
Financial Statements, Community Trust, Southland, Investment Income, Expenses, Grants