✨ Financial Statements
THE WAIKATO COMMUNITY TRUST INCORPORATED
CASH FLOW STATEMENT
For the year ended 31 March 2010
CASH FLOW FROM OPERATING ACTIVITIES
Cash was provided from:
Interest
Other Investment Income Received
GST (net)
| Notes | 2010 NZ $(000) | 2009 NZ $(000) |
|---|---|---|
| 7,175 | 10,299 | |
| 44 | 29 | |
| 7 | — |
Cash was applied to:
Payments to Suppliers and Employees
Donations paid
| | (1,841) | (1,718) |
| | (8,888) | (8,600) |
| | (3,544) | (10,318) |
Net Cash (used in)/provided by Operating Activities
| 14 | (4,991) | (10,244) |
CASH FLOW FROM INVESTING ACTIVITIES
Cash was provided from:
Sale of Investments
| | 5,803 | 13,998 |
Cash was applied to:
Purchase of Property, Plant & Equipment
Sport Waikato Loan
Database Loan
| | (24) | (382) |
| | — | (4,500) |
| | (71) | — |
| | (95) | (4,882) |
Net Cash (used in)/provided by Investing Activities
| | 4,603 | 9,116 |
NET DECREASE IN CASH & CASH EQUIVALENTS
| | (38) | (128) |
Cash and Cash Equivalents at the Beginning of the Financial Year
| | 83 | 213 |
CASH & CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR
| | 8 | 85 |
The GST (net) component of operating activities reflects the net GST paid and received with the Inland Revenue Department. The GST (net) component has been presented on a net basis, as the gross amounts do not provide meaningful information for financial statement purposes.
The Cash Flow Statement comparative figures have been restated to exclude dividends ($4,015,000) interest ($9,541,000), and other investment income received ($22,054,000) which were reinvested into investments rather than being paid in cash to the Trust. Payments to suppliers and employees has also been restated (-$534,000) to exclude management fees which were deducted directly from the fund rather than being paid in cash by the Trust. Sale of Investments has been restated ($9,023,000) as a result of the adjustments noted above. The restated figures show the cash flow movements within The Waikato Community Trust Incorporated's bank account. The Cash Flow Statement does not include cash flows through the fund managers accounts. The overall effect of the restatement is to reduce the net cash provided by operating and investing activities by $9,023,000. Note 14 has also been restated to take into consideration these changes.
These financial statements must be read in conjunction with the notes on pages 8 to 35
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NZ Gazette 2010, No 101
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Cash Flow Statement of The Waikato Community Trust Incorporated
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💰 Finance & RevenueCash Flow, Financial Statements, Community Trusts, Waikato, Operating Activities, Investing Activities