β¨ Financial Statements
6 JULY 2012 NEW ZEALAND GAZETTE, No. 81 2213
WELLINGTON COMMUNITY TRUST
Notes to the Financial Statements
For the Twelve Months Ended 31 March 2012
5. Other Expenses
| 2012 $ | 2011 $ | |
|---|---|---|
| Audit Fee | 8,400 | 7,500 |
| Depreciation | 2,346 | 3,607 |
| Total Other Expenses | 10,746 | 11,107 |
6. Property, Plant & Equipment
| 2012 $ | 2011 $ | |
|---|---|---|
| Opening Balance at Cost | 44,429 | 41,323 |
| Purchases | - | 3,107 |
| Less Accumulated Depreciation | (38,360) | (36,014) |
| Net Book Value | 6,069 | 8,416 |
| Depreciation Charge for the Year | 2,346 | 3,607 |
7. Financial Assets designated as Fair Value through profit or loss:
| 2012 $ | 2011 $ | |
|---|---|---|
| International Equities - OnePath (NZ) Ltd | 16,332,075 | 16,434,651 |
| Australasian Equities - OnePath (NZ) Ltd | 4,751,950 | 7,102,843 |
| Trans Tasman Properties - Mint Asset Management Ltd | 4,825,017 | 4,692,368 |
| International Fixed Interest - Tower Asset Management Ltd | 12,335,345 | 13,228,485 |
| Devon Funds Management Ltd | 2,033,640 | - |
| Total | 40,278,027 | 41,458,347 |
OnePath delegates the international equity investment management to MFS Global Equity. Tower delegates the global bonds management to PIMCO Australia Ltd.
Next Page →
β¨ LLM interpretation of page content
π°
Notes to the Financial Statements for Wellington Community Trust
(continued from previous page)
π° Finance & RevenueInvestment Income, Operating Costs, Personnel Expenses, Financial Statements
NZ Gazette 2012, No 81