New Zealand Gazette – 2011 – No. 91

Page 2574

✨ Community Trust Financial Statements



2574 NEW ZEALAND GAZETTE, No. 91 4 JULY 2011

EASTERN AND CENTRAL COMMUNITY TRUST INC

c) Total Equity

2011 $ 2010 $
Trust capital 129,534,669 125,934,669
Donations reserve 15,083,410 13,861,927
Equity balance at the end of the year 144,618,079 139,796,596
  1. FINANCIAL ASSETS HELD FOR TRADING

All investments are classified as fair value through the statement of comprehensive income.

2011 $ 2010 $
Opening balance 133,488,732 112,266,126
Gain before fund manager fees 10,694,977 29,936,728
Withdrawals to fund donations (net) (3,383,632) (8,713,122)
Closing Balance 140,700,077 133,488,732

Investments comprise:

2011 $ 2010 $
Bonds 64,942,000 61,279,122
Equities 75,758,077 72,209,610
Total Managed Funds 140,700,077 133,488,732

Held in: New Zealand

2011 $ 2010 $
Bonds 51,889,769 50,308,893
Equities 9,761,428 9,138,233

Off Shore

2011 $ 2010 $
Bonds 13,052,231 10,970,229
Equities 65,996,649 63,071,377
79,048,880 74,041,606
Total 140,700,077 133,488,732
  1. PLANT & EQUIPMENT
2011 $ 2010 $
Cost
Balance at beginning of year 173,550 166,293
Additions 23,161 7,257
Disposals (25,239) -
Balance at end of year 171,472 173,550

Depreciation & Impairment Losses

2011 $ 2010 $
Balance at beginning of year 138,237 127,630
Depreciation for the year 12,335 10,607
Impairment (22,426) -
Disposals - -
Balance at end of year 128,146 138,237

Carrying Amounts

2011 $ 2010 $
At beginning of year 35,313 38,663
At end of year 43,326 35,313


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Gazette.govt.nz — PDF NZ Gazette 2011, No 91




✨ LLM interpretation of page content

💰 Eastern and Central Community Trust Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Community Trusts, Eastern and Central, Revenue, Expenses, Profit, Investments, Bonds, Equities, Plant & Equipment