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New Zealand Gazette – 2009 – No. 29

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✨ Financial Statements

10 MARCH 2009 NEW ZEALAND GAZETTE, No. 29 783

THE COMMUNITY TRUST OF SOUTHLAND

NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS

For the Year Ended 31 March, 2008

19. FINANCIAL INSTRUMENTS (Cont.)

Liquidity & Interest Risk tables - Financial Liabilities

The following tables detail the Trust’s remaining undiscounted contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Trust can be required to pay. The table includes both principal and interest cash flows.

	Less than 1 year	1-2 Years	2-3 Years	More than 3 years	Total
2008
Accounts payable	302	-	-	-	302
Grants committed not paid	13,019	932	649	139	14,739
	$13,321	$932	$649	$139	$15,041

	Less than 1 year	1-2 Years	2-3 Years	More than 3 years	Total
2007
Accounts payable	301	-	-	-	301
Grants committed not paid	11,278	1,029	599	787	13,693
	$11,579	$1,029	$599	$787	$13,994

20. RELATED PARTY TRANSACTIONS

Transactions with Key Management Personnel

Key management declared interests in relation to organisations that received grants totalling $174,562 (2007: $64,635) during the year. Interests were declared when these grants were considered and key management took no part in deliberations relating to organisations they had an interest in.

There are no outstanding balances at balance date.

Transactions with Trustees

Trustees declared interests in relation to organisations that received grants totalling $1,568,542 (2007: $1,601,154) during the year. Interests were declared when these grants were considered and Trustees took no part in deliberations relating to organisations they had an interest in.

There are no outstanding balances at balance date.

Gazette.govt.nz — NZ Gazette 2009, No 29

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✨ LLM interpretation of page content

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

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Community Trust, Southland, Financial Instruments, Liquidity Risk, Interest Risk, Related Party Transactions, Grants, Trustees, Key Management Personnel

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