✨ Financial Statements
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
21. TRUSTEE FEES
Trustee meeting fees and honorariums are set by the Minister of Finance, and were paid to Trustees as follows:
| Meetings Attended | Fees 2008 ($000) | Fees 2007 ($000) | |
|---|---|---|---|
| A A Broad | 57 | 36 | 38 |
| P B Redpath | 32 | 19 | 26 |
| T W Harpur | 39 | 17 | 16 |
| R Evans | 15 | 8 | - |
| S G Palmer | - | - | 4 |
| N J Wyeth | 36 | 19 | 19 |
| D Williams | 6 | 3 | 21 |
| M Hawes | 5 | 2 | 15 |
| K S Henderson | 3 | 1 | 17 |
| G M Neave | 6 | 2 | 16 |
| J T Hicks | 30 | 16 | 14 |
| P Lindsay | 31 | 16 | 15 |
| J Kiernan | 30 | 13 | - |
| A C Robins | 27 | 14 | - |
| L Sinclair | 35 | 16 | - |
| Total | 182 | 201 |
22. IMPACTS OF THE ADOPTION OF NEW ZEALAND EQUIVALENTS TO INTERNATIONAL FINANCIAL REPORTING STANDARDS
The Trust changed its accounting policies on 1 April, 2007 to comply with NZ IFRS. The transition to NZ IFRS is accounted for in accordance with NZ IFRS-1 'First-Time Adoption of New Zealand Equivalents to International Reporting Standards', with 1 April, 2006 as the date of transition.
An explanation of how the transition from superseded policies to NZ IFRS has affected the Trust’s financial position, and financial performance is set out below:
Reconciliation of Equity under NZ IFRS
| Notes | 31 March 2007 ($000) | 1 April 2006 ($000) |
|---|---|---|
| Total reported equity under superseded NZ GAAP | 190,981 | 196,610 |
| NZ IFRS adjustments: | ||
| Fair value of Grants committed not paid | a | 320 |
| Total NZ IFRS reported equity | 191,301 | 196,910 |
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NZ Gazette 2009, No 29
✨ LLM interpretation of page content
💰
Financial Statements of The Community Trust of Southland
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Community Trust, Southland, Trustee Fees, Accounting Policies, NZ IFRS, Equity Reconciliation
15 names identified
- A A Broad, Trustee meeting fees and honorariums
- P B Redpath, Trustee meeting fees and honorariums
- T W Harpur, Trustee meeting fees and honorariums
- R Evans, Trustee meeting fees and honorariums
- S G Palmer, Trustee meeting fees and honorariums
- N J Wyeth, Trustee meeting fees and honorariums
- D Williams, Trustee meeting fees and honorariums
- M Hawes, Trustee meeting fees and honorariums
- K S Henderson, Trustee meeting fees and honorariums
- G M Neave, Trustee meeting fees and honorariums
- J T Hicks, Trustee meeting fees and honorariums
- P Lindsay, Trustee meeting fees and honorariums
- J Kiernan, Trustee meeting fees and honorariums
- A C Robins, Trustee meeting fees and honorariums
- L Sinclair, Trustee meeting fees and honorariums