✨ 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
23. FINANCIAL INSTRUMENTS (Cont.)
Liquidity & Interest Risk tables - Financial Liabilities
The following tables detail the Group’s remaining undiscounted contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Trust can be required to pay. The table includes both principal and interest cash flows.
| | Less than 1 year
$'000 | 1-2 Years
$'000 | 2-3 Years
$'000 | More than 3 years
$'000 | Total
$'000 |
|------------------------|----------------------|-------------|-------------|----------------------|-----------|
| 2011 | | | | | |
| Accounts payable | 460 | - | - | - | 460 |
| Grants committed not paid | 10,289 | 1,772 | 1,322 | 1,250 | 14,633 |
| | $10,749 | $1,772 | $1,322 | $1,250 | $15,093 |
| | Less than 1 year
$'000 | 1-2 Years
$'000 | 2-3 Years
$'000 | More than 3 years
$'000 | Total
$'000 |
|------------------------|----------------------|-------------|-------------|----------------------|-----------|
| 2010 | | | | | |
| Accounts payable | 480 | - | - | - | 480 |
| Grants committed not paid | 10,388 | 1,583 | 1,022 | 2,022 | 15,015 |
| | $10,868 | $1,583 | $1,022 | $2,022 | $15,495 |
24. RELATED PARTY TRANSACTIONS
Transactions with Key Management Personnel
Key management declared interests in relation to organisations that received grants totalling $197,338 (2010: $64,188) during the year. Interests were declared when these grants were considered and key management took no part in deliberations relating to organisations they had an interest in.
There are no outstanding balances at balance date.
Transactions with Trustees
Trustees declared interests in relation to organisations that received grants totalling $3,404,308 (2010: $7,578,073) during the year. Interests were declared when these grants were considered and Trustees took no part in deliberations relating to organisations they had an interest in.
There are no outstanding balances at balance date.
Transactions with subsidiary
During the year the Trust advance of $83,5,000 to Invest South Holdings Limited.
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NZ Gazette 2011, No 146
✨ LLM interpretation of page content
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Financial Statements of the Community Trust of Southland
(continued from previous page)
💰 Finance & Revenue24 August 2011
Financial Statements, Community Trust, Southland, Financial Liabilities, Liquidity Risk, Interest Risk