✨ Financial Statements
4180 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
- RESTATED OF PARENT ENTITY (Cont.) Parent
2009
$000
Current Liabilities
Accounts payable 289
Advance to subsidiary 14,267
Grants committed not paid 9,721
Total Current Liabilities 24,277
Non Current Liabilities
Grants committed not paid 754
Total Liabilities 25,031
NET ASSETS $133,452
Funds Employed
Trust capital 158,460
Reserves (25,008)
Total Funds Employed $133,452
The restated parent entity figures reflect the removal of Southland Communities Charities Limited. Extracts from the Southland Community Charities financial statements which have been removed from the parent entity figures reported previously are as follows;
Parent Parent
2010 2009
$000 $000Statement of Comprehensive Income
Revenue 344
Grants (8,306)
Total comprehensive income/(deficit) for the year $(7,962)
Statement of Financial Position
Cash and cash equivalents 11 3
Advance to parent 10,417 14,267
Other advances 62 65
Investment in subsidiary 8,268 8,248
Total assets 18,758 22,583
Grants committed not paid
- Current 4,072 1,877
- Term 2,042 100
Total Liabilities 6,114 1,977
Net Assets - Total Funds Employed $12,644 $20,606
The restatement of the prior year parent financial statements does not impact the group reported figures.
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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 & RevenueFinancial Statements, Community Trust, Southland, Contingent Liability, Trustee Fees, Restatement