✨ Financial Statements
NEW ZEALAND GAZETTE, No. 109
30 AUGUST 2010
THE COMMUNITY TRUST OF SOUTHLAND
STATEMENT OF COMPREHENSIVE INCOME
For the Year Ended 31 March, 2010
| Notes | Group 2010 $000 | Group 2009 $000 | Parent 2010 $000 | Parent 2009 $000 |
|---|---|---|---|---|
| Sales | 1,790 | - | - | - |
| Dividends | 18 | 28 | - | - |
| Interest | 2 | - | 645 | 893 |
| Gains/(losses) from change in fair value of managed funds | 33,875 | (14,206) | 33,875 | (14,206) |
| Gains/(losses) from change in fair value of other investments recognised | ||||
| at FVTPL | 80 | (211) | - | - |
| 36,408 | (13,496) | 33,923 | (14,093) | |
| Share of Associates Earnings | (87) | (68) | - | - |
| Gains/(loss) on revaluation of property, plant and equipment | - | (8) | - | (8) |
| Other income | 22 | 80 | 4 | - |
Expenses:
| | | | | |
| Cost of sales | 823 | - | - | - |
| Depreciation | 101 | 58 | 47 | 49 |
| Bad debts | 179 | - | - | - |
| Fund managers fees | 735 | 681 | 735 | 681 |
| Trustees fees | 27 | 209 | 196 | 209 |
| Directors fees | 67 | 65 | - | - |
| Employee entitlements | 987 | 565 | 429 | 398 |
| Administration expenses | 760 | 756 | 433 | 658 |
| Impairment provision/(reversal) on investments carried at amortised cost | (238) | 500 | - | - |
| Loss on sale of investments | 84 | - | - | - |
| Other expenses | 325 | - | - | - |
| | | | | |
| Operating surplus/(deficit) before grants | 32,311 | (16,313) | 32,074 | (16,083) |
| Grants | 4 | 12,397 | 7,617 | 12,397 | 7,617 |
| | | | | |
| Net surplus/(deficit) before taxation | 19,914 | (23,930) | 19,677 | (23,700) |
| Taxation expense | 5 | 4 | 159 | - | - |
| Net surplus/(deficit) after taxation | $19,910 | $(24,089) | $19,677 | $(23,700) |
Other comprehensive income
| Total comprehensive income/(deficit) for the year | $19,910 | $(24,089) | $19,677 | $(23,700) |
Total comprehensive income/(deficit) is attributed to:
| Equity holders of the parent | 19,908 | (24,089) | | |
| Minority interest | 12 | 2 | - | - |
| | $19,910 | $(24,089) | $19,677 | $(23,700) |
The financial statements should be read with the accompanying notes.
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NZ Gazette 2010, No 109
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Financial Report of the Community Trust of Southland
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