✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2012
26. CAPITAL COMMITMENTS
Commitments of up to $600,000 (2011: $635,000) exist for Trust Advances which Trustees have approved, but which had not been drawn down as at balance date. The approved advances are as follows:
| Group 2012 $000 | Group 2011 $000 | Parent 2012 $000 | Parent 2011 $000 | |
|---|---|---|---|---|
| South Catlins Environment and Development Trust | 600 | 600 | 600 | 600 |
| Sport Southland | - | 35 | - | - |
| Total | $600 | $635 | $600 | $600 |
27. OPERATING LEASE COMMITMENTS
The Group leases premises.
Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:
| Group 2012 $ | Group 2011 $ | Parent 2012 $ | Parent 2011 $ | |
|---|---|---|---|---|
| Current within one year | 32,500 | 32,500 | - | - |
| Later than one year but not later than five years | 130,000 | 130,000 | - | - |
| Later than five years | 32,500 | 65,000 | - | - |
| Total | $195,000 | $227,500 | $Nil | $Nil |
28. EVENTS OCCURRING AFTER BALANCE DATE
There have been no significant subsequent events that affect these financial statements (2011: $Nil).
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NZ Gazette 2012, No 105
✨ LLM interpretation of page content
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Financial Report of the Community Trust of Southland
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💰 Finance & RevenueFinancial Statements, Capital Commitments, Operating Lease Commitments, Events After Balance Date