✨ Financial Statements
30 AUGUST 2010 NEW ZEALAND GAZETTE, No. 109 2941
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2010
16. TRUST ADVANCES
Loan balances outstanding at 31 March, 2010 were as follows:
| Group 2010 $000 | Group 2009 $000 | Parent 2010 $000 | Parent 2009 $000 | |
|---|---|---|---|---|
| Bluff Healthy Homes | 10 | 10 | 10 | 10 |
| Southland Outdoor Stadium Trust | 750 | 750 | 750 | 750 |
| Southland Rural Fire Authority | 30 | 40 | 30 | 40 |
| Invercargill Artificial Sport Surface Trust | 97 | 97 | 97 | 97 |
| Northern Southland Medical Trust | 50 | 50 | 50 | 50 |
| Oatau Community Health Trust | 12 | 15 | 12 | 15 |
| Troopers Memorial Corner Charitable Trust - Yule House | 140 | 150 | 140 | 150 |
| Wyndham Rest Home | 100 | 100 | 100 | 100 |
| Edendale Vintage Machinery Club | 80 | 80 | 80 | 80 |
| Borland Lodge (i) | 401 | 376 | 401 | 376 |
| Arrowtown Trust | 100 | 100 | 100 | 100 |
| Total | $1,769 | $1,768 | $1,769 | $1,768 |
(i) All loans are repayable on demand. Loans are interest free with the exception of the loan to Borland Lodge which incurs interest at a fixed rate of 6.5% which is capitalised to the loan.
17. INVESTMENT IN ASSOCIATES
| Name | Percentage Held 2010 | Percentage Held 2009 | Balance Date | Principal Activity |
|---|---|---|---|---|
| Bush Road Limited | 30% | 30% | 31 March | Vegetable processor |
| Back Country Foods Limited (i) | Note 19 – 42% | 42% | 31 March | Freeze dried food producer |
(i) During the year the Invest South Holdings Limited, a subsidiary of Community Trust of Southland increased in its investment in Back Country Foods Limited to 80%, refer Note 19.
Summarised financial information in respect of the Group’s associates is set out below:
| Statement of Financial Position | Group 2010 $000 | Group 2009 $000 |
|---|---|---|
| Total Assets | 1,990 | 2,777 |
| Total Liabilities | 1,717 | 1,697 |
| Net Assets | 273 | 1,080 |
| Group’s share of net assets of associates | 103 | 406 |
| Statement of Comprehensive Income | Group 2010 $000 | Group 2009 $000 |
|---|---|---|
| Total Revenue | 4,061 | 5,919 |
| Total Profit/(loss) for the period | (291) | (258) |
| Group’s share of associates profits/(losses) | (87) | (68) |
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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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💰 Finance & RevenueFinancial Statements, Notes, Investments, Advances, Short-term Deposits, Managed Funds, Investment Managers, Financial Risks