✨ Financial Statements
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2013
6. TRUST FUNDS
Base Capital Value
| 2013 | 2012 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Balance at the Beginning of the Year | 267,743 | 261,944 |
| Transfer from Comprehensive Income | 3,928 | 5,799 |
| Balance at the End of the Year | 271,671 | 267,743 |
Base capital value is adjusted on a quarterly compounding basis for inflation and regional population growth.
Annual Adjustment to Base Capital Value
| 2013 | 2012 | |
|---|---|---|
| Inflation | 0.86% | 1.60% |
| Population Growth (Waikato Region) | 0.60% | 0.60% |
| (As per census, half actual growth 2001-2006) | ||
| Total | 1.46% | 2.20% |
Investment Fluctuation Reserve
| 2013 | 2012 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Balance at the Beginning of the Year | (6,198) | (7,207) |
| Transfer from Comprehensive Income | 20,035 | 1,009 |
| Balance at the End of the Year | 13,837 | (6,198) |
7. ACCOUNTS PAYABLE AND ACCRUALS
| 2013 | 2012 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Accounts Payable | 101 | 65 |
| Accrued Expenses | 123 | 290 |
| Holiday Pay | 53 | 45 |
| Accrued Salaries | 31 | - |
| Total | 308 | 400 |
Full NZ IFRS Financial Statements for the year ended 31 March 2013
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NZ Gazette 2013, No 109
✨ LLM interpretation of page content
🏢
Financial Statements of The Waikato Community Trust Incorporated
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🏢 State Enterprises & Insurance11 July 2013
Financial statements, Community Trusts, Waikato, Investments, Donations, Dividends, Interest, Conditional Commitments