New Zealand Gazette – 2012 – No. 109

Page 3120

✨ Financial Statements



3120 NEW ZEALAND GAZETTE, No. 109 5 SEPTEMBER 2012

Investment (Loss)/Income

| | 2012 | | 2011 |
|-----------------------|---------------|---------------|---------------|---------------|
| | Group | Parent | Group | Parent |
| Global equities - unrealised | $ (895,899) | $ (895,899) | $ 2,053,071 | $ 2,053,071 |
| Bonds | 446,828 | 446,828 | 444,828 | 444,828 |
| Bank deposits - interest | 164,167 | 154,064 | 166,015 | 155,913 |
| Interest foregone on WRPHO loan | 23,625 | 23,625 | 36,437 | 36,437 |
| Investment (Loss)/Income | (261,279) | (271,382) | 2,700,351 | 2,690,249 |

Community Distributions

| | 2012 | | 2011 |
|-----------------------|---------------|---------------|---------------|---------------|
| | Group | Parent | Group | Parent |
| Community Support | 22,960 | 22,960 | 5,562 | 5,562 |
| Grants | 808,553 | 114,091 | 973,042 | 16,000 |
| Less Prior Year Grants Cancelled or Returned | (35,000) | (35,000) | (55,640) | (55,640) |
| Total Community Distributions | 796,513 | 102,051 | 922,964 | (34,078) |

Reconciliation of Net (Deficit)/Surplus to Net Cashflows from Operating Activities

Group

2012 2011
Net (Deficit)/Surplus for the Year (1,359,043) 1,511,166
Add (Less) Non Cash Items
Depreciation 16,685 5,077
Changes in Investment Values 921,751 (1,499,371)
Working Capital Movements
(Increase) decrease in Accrued Income 4,222 14,681
Increase (decrease) in Accounts Payable (15,823) (1,918)
Increase (decrease) in Grants Approved but Not Paid (49,418) (97,715)
(Increase) Decrease in Trust Funds Held (3,791) (3,379)
Increase (decrease) in WRPHO Loan 66,666 36,913
Net Cash (Outflow) from Operating Activities (387,105) (34,546)

Parent

2012 2011
Net (Deficit)/Surplus for the Year (703,819) 2,414,482
Add (Less) Non Cash Items
Depreciation 3,251 2,570
Changes in Investment Values 921,751 (1,999,371)
Working Capital Movements
(Increase) Decrease in Accrued Income (1,224) 19,032
Increase (Decrease) in Accounts Payable 15,176 (1,918)
Increase (Decrease) in Grants Approved but Not Paid (49,418) (97,715)
(Increase) Decrease in WRPHO Loan 66,666 36,913
(Increase) Decrease in Term Deposits 500,000
Increase (Decrease) in Related Party Payable (692,233) (957,042)
Net Cash (Outflow) from Operating Activities (439,850) (83,048)

Investments

The following were the investment portfolio allocations as at 31 March 2012:

Group

2012 % 2011 %
Global Equities 22,659,281 71.5 23,556,052 72.4
Bonds and Term Deposits 9,040,211 28.5 8,975,191 27.6
Total 31,699,492 100.0 32,531,243 100.0

Parent

2012 % 2011 %
Global Equities 22,659,281 72.1 23,556,052 72.4
Bonds and Term Deposits 8,770,211 27.9 8,975,191 27.6
Total 31,429,492 100.0 32,531,243 100.0


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2012, No 109




✨ LLM interpretation of page content

💰 Whanganui Community Foundation Incorporated Financial Statements (continued from previous page)

💰 Finance & Revenue
25 June 2012
Financial Statements, Community Trusts Act 1999, Whanganui, Cashflows, Investing Activities, Accounting Policies, Consolidated Financial Statements, Revenue, Grants, Property Plant & Equipment