✨ TSB Community Trust Financial Notes
2112 NEW ZEALAND GAZETTE, No. 75 29 JUNE 2012
TSB Community Trust
Notes to the Financial Statements
For the year ended 31 March 2012
- Reconciliation of Net Surplus with Net Cash Flow from Operating Activities
| 2012 | 2011 | |
|---|---|---|
| $ | $ | |
| Net Surplus | 4,737,023 | 2,839,265 |
| Add back | ||
| Depreciation | 22,644 | 29,555 |
| 4,759,667 | 2,868,820 | |
| Add/(deduct) | ||
| (inc)/decrease in trade and other receivables | (941,240) | 1,717,829 |
| inc/(decrease) in trade and other payables | (999,044) | (380,450) |
| 2,819,383 | 4,206,199 |
- Related Parties
Subsidiary
During the year the Trust received dividend and interest income from and invested funds with its wholly-owned subsidiary, TSB Bank Limited, as follows:
| 2012 | 2011 | |
|---|---|---|
| $ | $ | |
| Dividend income | 10,000,000 | 9,050,000 |
| Interest income | 599,176 | 470,717 |
The amounts outstanding at balance date were:
| 2012 | 2011 | |
|---|---|---|
| $ | $ | |
| Dividends receivable | 7,370,000 | 6,450,000 |
| Interest receivable | 238,117 | 220,345 |
| Short term deposits | 11,995,000 | 9,006,000 |
Donations to Related Interests
| 2012 | 2011 | |
|---|---|---|
| $ | $ | |
| Donations paid | 1,081,350 | 1,840,300 |
| Donations pledged (donations approved but the distribution is subject to the donees' meeting certain conditions) | 335,000 | 15,900 |
| Amounts outstanding at balance date | - | 91,140 |
1,416,350 1,947,340The above related interests have been compiled based on a broad definition of related interests that would include, not just where trustees are members of the board of a
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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