New Zealand Gazette – 2013 – No. 102

Page 2742

✨ Financial Statements Notes

WELLINGTON COMMUNITY TRUST

Notes to the Financial Statements

For the Year Ended 31 March 2013

Held-to-Maturity Investments

	2013	2012
ASB Term Deposit - 083	-	236,062
ASB Term Deposit - 084	-	255,671
ASB Term Deposit - 085	522,311	500,000
ASB Term Deposit - 086	1,047,472	1,000,000
BNZ Term Deposit - 03038	686,792	664,334
BNZ Term Deposit - 03041	-	461,983
BNZ Term Deposit - 03042	-	500,000
BNZ Term Deposit - 03043	310,354	302,611
Kiwibank Term Deposit	1,058,291	1,011,385

Total Held-to-Maturity Investments | 3,625,221 | 4,932,046 |

Loans and Receivables

	2013	2012
Karori Sanctuary Trust
Current Portion	100,000	100,000
Term Portion	633,334	733,334

Total Karori Sanctuary Trust | 733,334 | 833,334 |

The loan is guaranteed by the Wellington City Council. The loan has a repayment term of 15 years which commenced on 1 August 2005. The interest rate is calculated against an agreed formula. The rate for the year under review was 6.50% to 7.05%.

Financial Instruments

Significant accounting policies

Details of significant accounting policies and methods adopted, including the criteria for recognition and the basis of measurement applied in respect of each of the class of financial assets, are disclosed in note 1 to the financial statements.

The Trustees have approved a Statement of Investment Policy and Objectives (SIPO) which establishes investment portfolio objectives and target asset allocations. Performance against these targets is reviewed at least quarterly by the Trustees and asset reallocations undertaken as required.

Fair Value

The carrying amount of financial assets and financial liabilities recorded in the financial statements represents their respective fair values, determined in accordance with the Trust's accounting policies.

Gazette.govt.nz — NZ Gazette 2013, No 102

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✨ LLM interpretation of page content

💰 Notes to the Financial Statements of The Community Trust of Wellington (continued from previous page)

Domain💰 Finance & Revenue
Dated20 June 2013
KeywordsFinancial Statements, Notes, Held-to-Maturity Investments, Loans and Receivables, Financial Instruments, Fair Value

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