✨ ASB Community Trust Financial Statements
NEW ZEALAND GAZETTE, No. 172
9 NOVEMBER 2011
ASB COMMUNITY TRUST
STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2011
| Group | Trust | |||
|---|---|---|---|---|
| 2011 | 2010 | 2011 | 2010 | |
| NOTE | $000 | $000 | $000 | $000 |
CASH FLOWS FROM OPERATING ACTIVITIES
Cash was provided from:
- Receipts from fund managers | 405,493 | 140,920 | 405,493 | 140,920 |
- Interest received | 178 | 342 | 178 | 342 |
- Revenue received from other activities | 1,350 | 1,267 | 1,350 | 1,267 |
- Revenue received from donations | 416 | 5 | 416 | 5 |
Cash was disbursed on:
- Payments to fund managers | (362,610) | (123,946) | (362,610) | (123,946) |
- Payment to suppliers, trustees and staff | (4,735) | (3,547) | (4,735) | (3,547) |
- Fund management and advisory fees | (1,115) | (1,452) | (1,115) | (1,452) |
- Grants to community organisations | (39,489) | (35,775) | (26,710) | (28,582) |
- Grants paid to community organisations on behalf of subsidiary | - | - | (12,779) | (7,213) |
Net cash outflow from operating activities | (407,949) | (164,720) | (407,949) | (164,720) |
| | 10 | (512) | (512) | (22,186) |
CASH FLOWS FROM INVESTING ACTIVITIES
Cash was provided from:
- Proceeds of sale of fixed assets | 3 | - | 664 | 1 |
- Loans from Community Trusts | - | - | 529 | 529 |
Cash was disbursed on:
- Purchase of fixed assets | 3 | (549) | (30) | (549) | (30) |
Net cash inflow from investing activities | 115 | 500 | 115 | 500 |
Net cash inflow (outflow) from activities | (397) | (21,686) | (397) | (21,686) |
Add: Cash at Bank at 1 April | 7,459 | 29,145 | 7,459 | 29,145 |
Cash at Bank at 31 March | 7,062 | 7,459 | 7,062 | 7,459 |
Cash Transactions with fund managers were in prior years disclosed in the Statements of Cash Flows as cash flows arising from investing activities. As transactions with fund managers provide cash to support the Group's granting activities these transactions are more appropriately disclosed as cash flows arising from operating activities. Prior year comparative figures have been reclassified to align with current year classifications. Comparative figures in Note 10: Reconciliation of Reported Surplus to Net Cash Flow from Operating Activities have been amended to reflect this change in presentation.
The notes are an integral part of these financial statements.
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NZ Gazette 2011, No 172
✨ LLM interpretation of page content
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ASB Community Trust Financial Statements
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💰 Finance & Revenue30 May 2011
Financial Statements, ASB Community Trust, Community Trusts Act 1999, Asset Revaluation Reserve, Reserve for Grants, Capital Maintenance Reserve, Original Capital, Trust Real Capital, Retained Surplus