✨ Financial Statements
28 SEPTEMBER 2011 NEW ZEALAND GAZETTE, No. 146 4171
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2011
16. TRUST ADVANCES
Loan balances outstanding at 31 March, 2011 were as follows:
| Group 2011 $000 | Group 2010 $000 | Parent 2011 $000 | Parent 2010 $000 | |
|---|---|---|---|---|
| Bluff Healthy Homes | 3 | 10 | 3 | 10 |
| Southland Outdoor Stadium Trust | 750 | 750 | 750 | 750 |
| Southland Rural Fire Authority | 20 | 30 | 20 | 30 |
| Invercargill Artificial Sport Surface Trust | 96 | 96 | 96 | 96 |
| Northern Southland Medical Trust | 50 | 50 | 50 | 50 |
| Oatau Community Health Trust | 9 | 12 | - | - |
| Troopers Memorial Corner Charitable | - | - | - | - |
| Trust - Yule House | 130 | 140 | 130 | 140 |
| Wyndham Rest Home | 100 | 100 | 100 | 100 |
| Edendale Vintage Machinery Club | 40 | 80 | 40 | 80 |
| Borland Lodge (i) | 427 | 401 | 427 | 401 |
| Arrowtown Trust | 100 | 100 | 100 | 100 |
| South Catlins Environmental and Development Trust | 150 | - | 150 | - |
| Total | $1,875 | $1,769 | $1,816 | $1,707 |
(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 2011 | Percentage Held 2010 | Balance Date | Principal Activity |
|---|---|---|---|---|
| Bush Road Limited | 30% | 30% | 31 March | Vegetable processor |
Summarised financial information in respect of the Group’s associates is set out below:
| Group 2011 $000 | Group 2010 $000 | |
|---|---|---|
| Statement of Financial Position | ||
| Total Assets | 1,860 | 1,990 |
| Total Liabilities | 1,392 | 1,717 |
| Net Assets | 468 | 273 |
| Group’s share of net assets of associates | 81 | 103 |
| Statement of Comprehensive Income |
| Total Revenue | 4,681 | 4,061 |
| Total Profit/(loss) for the period | (299) | (291) |
| Group’s share of associates profits/(losses) | (52) | (87) |
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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, Investments, Equities, Advances, Deposits