✨ Financial Statements
NEW ZEALAND GAZETTE, No. 146
28 SEPTEMBER 2011
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2011
20. CAPITAL COMMITMENTS
Commitments of up to $635,000 (2010: $750,000) 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 2011 $000 | Group 2010 $000 | Parent 2011 $000 | Parent 2010 $000 | |
|---|---|---|---|---|
| South Catlins Environment and Development Trust | 600 | 750 | 600 | 750 |
| Sport Southland | 35 | - | 35 | - |
| Total | 635 | 750 | 635 | 750 |
21. RECONCILIATION WITH OPERATING SURPLUS
| Group 2011 $000 | Group 2010 $000 | Parent 2011 $000 | Parent 2010 $000 | |
|---|---|---|---|---|
| Net surplus/(deficit) after taxation | 791 | 19,910 | 6,412 | 27,639 |
| Add (less) movement in working capital | ||||
| (Increase)/decrease in accounts receivable | (4) | (216) | 31 | (2) |
| (Increase)/decrease in inventory | (8) | (212) | - | - |
| (Increase)/decrease in prepayments and tax refund due | (82) | (53) | (50) | - |
| Increase/(decrease) in accounts payable | (20) | 57 | (46) | (34) |
| Increase/(decrease) in other creditors and accruals | 105 | 20 | - | - |
| Increase/(decrease) in employee entitlements | 12 | 49 | 6 | 11 |
| Increase/(decrease) in grants committed not paid | (312) | 2,260 | (1,437) | (1,876) |
| Deduct/(add) items reclassified as investing activities | - | 240 | - | - |
| Subtotal | 309 | 2,145 | 4,916 | 25,738 |
| Group 2011 $000 | Group 2010 $000 | Parent 2011 $000 | Parent 2010 $000 | |
|---|---|---|---|---|
| Add (less) movement in non-cash items | ||||
| Gains/(losses) from change in fair value investments | (12,051) | (33,875) | (12,051) | (33,875) |
| Depreciation | 118 | 101 | 51 | 47 |
| Gains/(losses) from investments at FVTPL | 111 | (80) | - | - |
| Impairment/(reversal) on investments carried at amortised cost | - | (238) | 226 | 338 |
| Other | 14 | 263 | 15 | - |
| Share of associate’s earnings | - | 87 | - | - |
| Subtotal | (11,808) | (33,742) | (11,759) | (33,490) |
| Net cash in/(out) flows from operating activities | $(11,326) | $(11,687) | $(6,843) | $(7,752) |
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NZ Gazette 2011, No 146
✨ LLM interpretation of page content
💰
Financial Statements of the Community Trust of Southland
(continued from previous page)
💰 Finance & Revenue24 August 2011
Financial Statements, Community Trust, Southland, Capital Commitments, Operating Surplus, Reconciliation