✨ Financial Statements
778 NEW ZEALAND GAZETTE, No. 29 10 MARCH 2009
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2008
16. CAPITAL COMMITMENTS
Commitments of up to $4,568 (2007: $4,580) exist for Advances - Other which Trustees have approved, but which had not been drawn down as at balance date. The approved advances are as follows:
| Group | Parent | |||
|---|---|---|---|---|
| 2008 | 2007 | 2008 | 2007 | |
| $000 | $000 | $000 | $000 | |
| South Catlins Environment and Development Trust | 600 | 600 | 600 | 600 |
| Living Fiorland Charitable Trust | 3,700 | 3,700 | 3,700 | 3,700 |
| Bluff Healthy Homes | 168 | 200 | 168 | 200 |
| Southern Rural Fire Authority | - | 50 | - | 50 |
| Arrowtown Community Pre School | - | 30 | - | 30 |
| Arrowtown Trust | 100 | - | 100 | - |
| $4,568 | $4,580 | $4,568 | $4,580 |
17. RECONCILIATION WITH OPERATING SURPLUS
| Group | Parent | |||
|---|---|---|---|---|
| 2008 | 2007 | 2008 | 2007 | |
| $000 | $000 | $000 | $000 | |
| Net surplus before distribution | (6,056) | 6,084 | (6,643) | 5,761 |
| Less grants | (8,177) | (11,450) | (8,177) | (11,450) |
| Net surplus/(deficit) | $(14,233) | $(5,366) | $(14,820) | $(5,689) |
Add (less) movement in working capital
| Increase/(decrease) in accounts payable | 1,171 | (68) | 1,175 | (96) |
| (Increase)/decrease in accounts receivable | (136) | 3,897 | (141) | 3,872 |
| | $1,035 | $3,829 | $1,034 | $3,776 |
Add (less) movement in non-cash items
| Gains/(losses) from change in fair value investments | 13,806 | 686 | 13,826 | 686 |
| Depreciation | 48 | 63 | 47 | 62 |
| Other | (37) | (305) | (37) | (283) |
| Revaluation of property, plant and equipment | (40) | (136) | (40) | (136) |
| Share of associate’s earnings | (87) | - | - | - |
| Movement in NPV of loans | 150 | - | 150 | - |
| | $13,840 | $308 | $13,946 | $329 |
Add (less) items classified as investing/financing activities
| Loan repayment by way of grant approval | 475 | 40 | 475 | 40 |
| | $1,117 | $(1,189) | $635 | $(1,546) |
Net cash provided from operating activities
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NZ Gazette 2009, No 29
✨ LLM interpretation of page content
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Financial Statements of The Community Trust of Southland
(continued from previous page)
💰 Finance & Revenue26 November 2008
Financial Statements, Community Trust, Southland, Capital Commitments, Reconciliation, Operating Surplus