New Zealand Gazette – 2009 – No. 96

Page 2142

✨ Financial Statements



2142 NEW ZEALAND GAZETTE, No. 96 1 JULY 2009

  1. NET LOSS FROM INVESTMENTS
2009 $ 2008 $
Realised Income (losses)
Dividend income on held for trading financial assets 2,465,910 1,977,213
Interest income on held for trading financial assets 4,948,298 4,456,378
Loss on forward currency hedging contracts (61,278)
Gain on disposal on held for trading financial assets 506,740 3,414,142
7,859,670 9,847,733

Unrealised Income (losses) |
Foreign exchange gains/(losses) | 17,179,220 | (7,570,307) |
Change in fair value of financial assets held for trading | (36,104,330) | (5,440,345) |
| (18,925,110) | (13,010,652) |

Total Income from Investments | (11,065,440) | (3,162,919) |

  1. EXPENSES
2009 $ 2008 $
Administrative Expenses
Office administration 37,727 32,613
Advertising and promotion 178,824 160,041
Fees paid to the auditors for audit services 12,409 9,264
Fees paid to the auditors for NZ IFRS assistance 1,765 1,687
Depreciation 13,701 19,005
Rent and services 77,337 76,074
Professional expenses 93,634 38,735
Fund managers’ fees 166,185 180,445
Donation expenses 6,977 2,807
Other expenses 15,157 11,475
603,716 532,146

Personnel Expenses |
Trustees’ remuneration | 164,785 | 152,229 |
Trustees’ meeting expenses | 52,878 | 50,804 |
Trustees’ liability insurance | 6,561 | 5,206 |
Staff remuneration | 347,416 | 327,397 |
Increase in staff leave owing | 4,251 | 20,239 |
Staff training and travel | 27,054 | 24,036 |
KiwiSaver net contributions | 8,525 | 7,613 |
ACC levies | 2,168 | 1,399 |
| 613,638 | 588,923 |

Donation Expenses (note 10) | 5,715,702 | 5,808,492 |



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2009, No 96




✨ LLM interpretation of page content

💰 Notes to the Financial Statements of Eastern and Central Community Trust (continued from previous page)

💰 Finance & Revenue
29 May 2009
Financial statements, Notes, Accounting policies, Impairment, Trade payables, Employee benefits, GST, Income tax, Intangible assets, Leases, Cashflows, Comparatives

💰 Net Loss from Investments

💰 Finance & Revenue
Investments, Realised income, Unrealised income, Dividend income, Interest income, Currency hedging, Disposal of assets, Foreign exchange, Fair value

💰 Expenses

💰 Finance & Revenue
Administrative expenses, Personnel expenses, Donation expenses, Office administration, Advertising, Audit fees, Depreciation, Rent, Professional expenses, Fund managers, Trustees remuneration, Staff remuneration, KiwiSaver, ACC levies