✨ Financial Statements
27 JUNE 2012 NEW ZEALAND GAZETTE, No. 72 2037
EASTERN AND CENTRAL COMMUNITY TRUST INC
18. CHANGES TO THE STATEMENT OF CASH FLOWS
There have been changes made to the definition of cash and cash equivalents and the classification of certain items in the Statement of Cash Flows. The 2011 comparative figures have been re-stated for the changes below.
Cash and cash equivalents includes all term deposits (including those greater than 3 months original maturity) and accrued interest on deposits on the basis that the Trustees consider all bank deposits to be cash and cash equivalents, as they are available as cash for liquidity purposes. Deposits are sometimes longer than 3 months to obtain higher returns but are still considered cash and cash equivalents.
Cash inflows from interest and dividends are only considered to include cash received by the Trust from fund managers. It does not include interest and dividend cash received by the fund managers but not paid out to the Trust.
All cash flows relating to investments and derivatives are considered operating cash flows because investing and hedging those investments is a key part of the operations of the Trust.
The impact of the above changes on the 2011 comparative figures is to decrease operating cash flows by $2,810,037, increase investing cash flows by $4,901,848 and increase cash and cash equivalents as at 31 March 2011 by $2,091,811.
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NZ Gazette 2012, No 72
✨ LLM interpretation of page content
💰 Changes to the Statement of Cash Flows
💰 Finance & RevenueCash Flows, Financial Statements, Term Deposits, Interest, Dividends, Investments, Derivatives