New Zealand Gazette – 2009 – No. 96

Page 2143

✨ Financial Statements

1 JULY 2009 NEW ZEALAND GAZETTE, No. 96 2143

6. EQUITY

a) Trust Capital

The initial Trust capital was set at $90 million in 1997. The Trust capital has been increased over time as a surrogate for inflation and population growth within the region administered by the Trust. The Trustees periodically review the capital maintenance transfer and this year the Trustees had determined to increase the capital by $3.6 million. However, due to the results funds were not available to be transferred into the capital reserve. Previous transfers have exceeded inflation and population increases.

	2009	2008
	$	$
Balance at the beginning of the year	118,734,668	113,934,668
Transfer from/(to) donations reserve	(2,942,346)	4,800,000

Balance at the end of the year | 115,792,322 | 118,734,668 |

b) Donations Reserve

The Trustees retain all undistributed income in the donation reserve. The optimum level of the donation reserve is 25% of the capital base so that the annual donation distribution is able to be maintained when investment markets provide negative results. Given the current position of the Trust there are no funds left in the Donations Reserve.

	2009	2008
	$	$
Balance at the beginning of the year	15,056,150	29,948,630
Transfer to/(from) capital reserve	2,942,346	(4,800,000)
Transfer to income statement	-	(5,808,492)
Deficit for the year	(17,998,496)	(4,283,988)

Balance at the end of the year | - | 15,056,150 |

c) Total Equity

	2009	2008
Trust capital	115,792,322	118,734,668
Donations reserve	-	15,056,150

Equity balance at the end of the year | 115,792,322 | 133,790,818 |

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

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Trust Capital Financial Report

Domain💰 Finance & Revenue
KeywordsTrust capital, Financial statements, Capital maintenance, Inflation, Population growth, Capital reserve, Donations reserve

💰 Donations Reserve Financial Report

Domain💰 Finance & Revenue
KeywordsDonations reserve, Financial statements, Investment markets, Annual donations, Capital base, Deficit

💰 Total Equity Financial Report

Domain💰 Finance & Revenue
KeywordsTotal equity, Financial statements, Trust capital, Donations reserve, Equity balance

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index