✨ Financial Statements
29 JUNE 2012 NEW ZEALAND GAZETTE, No. 75 2111
TSB Community Trust
Notes to the Financial Statements
For the year ended 31 March 2012
- Property, Plant & Equipment (continued)
| Building Fit Out $ | Furniture & Fittings $ | Other Fixed Assets $ | Total $ | |
|---|---|---|---|---|
| 2011 | ||||
| Cost | ||||
| Opening balance | 2,070 | 16,969 | 135,927 | 154,966 |
| Additions | 93,895 | 3,355 | 28,244 | 125,494 |
| Closing balance | 95,965 | 20,324 | 164,171 | 280,460 |
| Depreciation | | | | |
| Opening balance| (2,070) | (13,082) | (104,766) | (119,918) |
| Depreciation | (5,477) | (1,815) | (22,264) | (29,556) |
| Closing balance | (7,547) | (14,897) | (127,030) | (149,474) |
| Closing net book value |
| Balance as at 1 April 2010 | | 3,887 | 31,161 | 35,048 |
| Balance as at 31 March 2011 | 88,418 | 5,427 | 37,141 | 130,986 |
- Trust Capital
| 2012 $ | 2011 $ | |
|---|---|---|
| Trust capital | 100 | 100 |
| Equity | 10,000,100 | 10,000,100 |
Equity comprises 20,000,000 fully paid shares at 50 cents each gifted to the TSB Community Trust.
- Reserve Fund
The reserve fund has been established as a contingency fund against fluctuations in the TSB Bank Limited annual dividends. This fund shall be sufficient to meet approximately two years operating costs, multi-year commitments for all years and annual grants for two years.
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NZ Gazette 2012, No 75
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TSB Community Trust Financial Statements
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💰 Finance & Revenue12 June 2012
Financial statements, TSB Community Trust, Property, Plant and Equipment, Trust Capital, Reserve Fund