✨ Financial Statements Notes
2 AUGUST 2010 NEW ZEALAND GAZETTE, No. 93 2477
Notes to the financial statements
in New Zealand Dollars ($000’s)
14 Trade and other receivables
| Group | |
|---|---|
| 2010 | |
| Other trade receivables | 438 |
See note 18 with respect to impairment of trade receivables.
15 Cash and cash equivalents
| Group | |
|---|---|
| 2010 | |
| Call Deposits | 2,722 |
| Bank balances | 140 |
| Cash and cash equivalents in the statement of cash flows | 2,862 |
The effective interest rate on call deposits in 2010 was an average of 2.5 – 3.4 percent (2009: 3.0-8.25 percent). The deposits were on call deposit with the balance fluctuating on a daily basis.
16 Trust funds
Core Real Capital Base Reserve
The Core Real Capital Base Reserve arose when monies were received on the sale of the Trust Bank Canterbury to Westpac.
Capital Base Reserve
The Capital Base Reserve provides a fund to reflect the effects of annual inflation on the Core Real Capital Base Reserve, using CPI to calculate the amount.
Accumulated Income Reserve
The Accumulated Income Reserve reflects the accumulated profits from earlier periods.
17 Trade and other payables
| Group | |
|---|---|
| 2010 | |
| Other trade payables | 263 |
| Non-trade payables and accrued expenses | 6,012 |
| 6,275 |
18 Financial instruments
Exposure to credit, interest rate, foreign currency, equity price and liquidity risks arises in the normal course of the Group’s business. The Group’s risk management policies and procedures for financial instruments are formally documented and approved by the Trustees in the Group’s Statement of Investment Policies and Objectives (“SIPO”).
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NZ Gazette 2010, No 93
✨ LLM interpretation of page content
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Canterbury Community Trust Financial Statements Notes
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💰 Finance & Revenue5 July 2010
Financial Statements, Trade Receivables, Cash Equivalents, Trust Funds, Trade Payables, Financial Instruments, Canterbury Community Trust