✨ Financial Statements
30 AUGUST 2010 NEW ZEALAND GAZETTE, No. 109 2945
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2010
21. CAPITAL COMMITMENTS
Commitments of up to $750,000 (2009: $600,000) exist for Trust Advances which Trustees have approved, but which had not been drawn down as at balance date. The approved advances are as follows:
| Group | Parent | |||
|---|---|---|---|---|
| 2010 | 2009 | 2010 | 2009 | |
| $000 | $000 | $000 | $000 | |
| South Catlins Environment and Development Trust | 750 | 600 | 750 | 600 |
| 750 | 600 | 750 | 600 |
A commitment of $115,000 has been made as the Community Trust of Southland’s commitment to a combined Community Trusts’ national database project. As at balance date $108,000 of this commitment had been paid.
22. RECONCILIATION WITH OPERATING SURPLUS
| Group | Parent | |||
|---|---|---|---|---|
| 2010 | 2009 | 2010 | 2009 | |
| $000 | $000 | $000 | $000 | |
| Net surplus/(deficit) after taxation | 19,910 | (24,089) | 19,677 | (23,700) |
Add (less) movement in working capital
| (Increase)/decrease in accounts receivable | (216) | 615 | (2) | 690 |
| (Increase)/decrease in inventory | (212) | - | - | - |
| (Increase)/decrease in prepayments and tax refund due | (53) | (5) | - | (7) |
| Increase/(decrease) in accounts payable | 57 | 121 | (30) | 67 |
| Increase/(decrease) in other creditors and accruals | 20 | - | - | - |
| Increase/(decrease) in employee entitlements | 49 | - | 11 | - |
| Increase/(decrease) in grants committed not paid | 2,260 | (2,091) | 2,259 | (2,091) |
| Deduct/(add) items reclassified as investing activities | 240 | - | - | - |
| 2,145 | (1,360) | 2,238 | (1,341) |
Add (less) movement in non-cash items
| Gains/(losses) from change in fair value investments | (33,875) | 20,609 | (33,875) | 20,475 |
| Depreciation | 101 | 49 | 47 | 50 |
| Gains/(losses) from investments at FVTPL | (80) | - | - | - |
| Impairment/(reversal) on investments carried at amortised cost | (238) | - | - | - |
| Other | 263 | 7 | - | (580) |
| Revaluation of property, plant and equipment | - | 8 | - | 8 |
| Share of associate’s earnings | 87 | 68 | - | - |
| Movement in NPV of loans | - | 169 | - | 169 |
| (33,742) | 20,910 | (33,828) | 20,122 |
Add (less) items classified as investing/financing activities
| Loan repayment by way of grant approval | - | 401 | - | 401 |
Net cash in/(out) flows from operating activities
| | $(11,687) | $(4,138) | $(11,913) | $(4,518) |
Next Page →
NZ Gazette 2010, No 109
✨ LLM interpretation of page content
💰
Financial Report of the Community Trust of Southland
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Notes, Capital Commitments, Reconciliation, Operating Surplus