✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
STATEMENT OF CASHFLOWS
For the Year Ended 31 March, 2011
| Group | Parent Restated* | |||
|---|---|---|---|---|
| 2011 | 2010 | 2011 | 2010 | |
| $000 | $000 | $000 | $000 |
Cashflows from Operating Activities
Cash was provided from (applied to):
| Receipts from customers | 2,037 | 1,719 | 4 | - |
| Interest and dividends | 535 | 655 | 82 | 50 |
| Payments to suppliers and employees | (3,091) | (2,535) | (1,005) | (898) |
| Other expenses | (1,091) | (1,389) | (948) | (937) |
| Grants paid | (9,716) | (10,137) | (4,976) | (5,967) |
| Net cash in (out) flows from Operating Activities | 21 | (11,326) | (11,687) | (6,843) | (7,752) |
Cashflows from Investment Activities
Cash was provided from (applied to):
| Managed Funds | 13,025 | 11,655 | 13,025 | 11,655 |
| Investments in listed equities | - | - | - | - |
| Investments in unlisted equities | (2,093) | (2,184) | - | - |
| Advances to third parties | 605 | 1,048 | - | - |
| Short term deposits | 519 | 934 | (102) | 85 |
| Investment in associates/subsidiaries | - | - | (1) | - |
| Investment in preference shares | - | (25) | - | - |
| Net cash outflow on acquisition of subsidiary | (106) | (133) | (109) | - |
| Trust advances | - | - | - | - |
| Property, plant and equipment | (258) | (51) | (143) | (3) |
| Database development | (63) | (77) | (63) | (77) |
| Net cash in (out) from Investing Activities | 11,629 | 11,167 | 12,607 | 11,660 |
Cashflows from Financing Activities
Cash was provided from (applied to):
| Introduced capital in subsidiary | - | - | (5,860) | (4,169) |
| Net cash in (out) from Financing Activities | - | - | (5,860) | (4,169) |
| Net increase/(decrease) in Cash held | 303 | (520) | (96) | (261) |
| Add cash at beginning of year | 371 | 891 | 126 | 387 |
| Total Cash Balance at End of Year | $674 | $371 | $30 | $126 |
Represented by:
| Cash and cash equivalents | 677 | 415 | 30 | 126 |
| Bank Overdraft | (3) | (44) | - | - |
| | 674 | 371 | 30 | 126 |
- Refer Note 27
The financial statements should be read with the accompanying notes.
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NZ Gazette 2011, No 146
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Financial Statements of the Community Trust of Southland
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💰 Finance & Revenue24 August 2011
Financial Statements, Community Trust, Southland