✨ Financial Statements
2996 NEW ZEALAND GAZETTE, No. 103 27 AUGUST 2012
Note to the financial statements
In New Zealand Dollars ($000's)
9 Other expenses
| Group 2012 | Group 2011 | |
|---|---|---|
| Advertising public relations, distribution and other costs | 363 | 449 |
| Computer costs | 187 | 160 |
| Depreciation | 116 | 147 |
| Depreciation recovered (Refer to note 11) | 0 | (613) |
| Professional fees | 108 | 126 |
| Property costs | 221 | 281 |
| Salaries, trustee fees and staff-recruiting fees | 955 | 950 |
| Auditor’s remuneration to PricewaterhouseCoopers | ||
| - for audit of financial statements | 33 | 37 |
| - other assurance reviews | 0 | 8 |
| Total | 1,983 | 1,545 |
10 Donations
The names of the organisations to whom distributions have been made by the Group under section 13 of The Community Trust Act 1999 during the financial year and the amounts distributed are shown in the Annual Report.
Funds carried forward as accumulated income are available for the payment of donations in future years. Budgeted donations unspent in the current year are to be distributed in the following year.
The Group has future commitments of donations where the donee must fulfil future obligations before the donation is payable. At 31 March 2012 these totalled $470,000 (2011: $1,471,760)
The Trustees recognise that there is a need to ensure a fairness and equity between the regions as far as payments of donations are concerned in relation to budgetary allocations. The allocation of donations between regions is based on population statistics for each region.
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NZ Gazette 2012, No 103
✨ LLM interpretation of page content
💰
Canterbury Community Trust Financial Statements
(continued from previous page)
💰 Finance & Revenue2 July 2012
Financial statements, Accounting policies, Investment property, Fair value measurement, NZ IFRS 9, NZ IFRS 13