✨ Financial Statements
3340 NEW ZEALAND GAZETTE, No. 119 5 AUGUST 2011
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2011
Commitments
The Trust has made a commitment to invest $8,000,000 in an investment fund. To date $1,822,000 has been invested in this fund. The balance of $6,178,000 will be invested if the fund manager identifies suitable investment vehicles. The investment will be funded by realising other investments currently held by the Trust. (2010 - Nil)
14. RECONCILIATION OF SURPLUS FOR THE PERIOD TO NET CASH FLOWS FROM OPERATING ACTIVITIES
| 2011 | 2010 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| SURPLUS FOR THE YEAR | (10,995) | 36,415 |
Adjust for Non-Cash Items:
| Profit / (loss) on Sale of Property, Plant and Equipment | (6) | -- |
| Depreciation | 88 | 93 |
| Notional Interest on Interest Free Loan | (101) | (93) |
| | (19) | (10) |
Impact of Changes in Net Assets and Liabilities:
| (Increase) / decrease in Trade and Other Receivables | (16) | 7 |
| (Increase) / decrease in Financial Assets at FVTPL * | (10,585)| (36,508)|
| Increase / (decrease) in Trade and Other Payables | 91 | 44 |
| Increase / (decrease) in Donations Payable | -- | 57 |
| Increase / (decrease) in Employee Entitlements | 12 | 7 |
| | (10,498)| (36,393)|
| Net Cash Inflow From Operating Activities | 478 | 12 |
- FVTPL is Fair Value Through Profit or Loss
15. FINANCIAL INSTRUMENTS
Financial Risk Management
The Trust’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk, cash flow interest rate risk and equity price risk), credit risk and liquidity risk.
The Trust has policies to manage the risks associated with financial instruments. The Trust is risk averse and seeks to minimise exposure from its treasury activities. The Trust has established investment policies. These policies do not allow the Trust to enter into any transactions that are speculative in nature.
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NZ Gazette 2011, No 119
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Notes to Financial Statements of the Waikato Community Trust
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💰 Finance & RevenueFinancial Statements, Commitments, Surplus, Cash Flows, Financial Instruments, Risk Management