✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
STATEMENTS OF FINANCIAL POSITION
As at 31 March 2013
| Group | Parent | |||
|---|---|---|---|---|
| 2013 | 2012 | 2013 | 2012 | |
| $000 | $000 | $000 | $000 | |
| Notes |
Current Assets
- Cash and cash equivalents | 1,601 | 1,017 | 886 | 410
- Accounts receivable | 11 | 513 | 290 | 10 | 33
- Inventories | 12 | 394 | 243 | - | -
- Prepayments | | 9 | 9 | 9 | 9
- GST refund due | | 30 | 54 | 15 | 28
- Loan Receivables | 15 | 738 | 1,616| 75 | 542
- Taxation Refund Due | 6 | 81 | - | - | -
- Deposit paid on Asset | | 597 | - | - | -
- Related Party Advances | 29 | - | - | 9,166| 1,476
Total current assets | | 3,963 | 3,229| 10,162| 2,498
Non-Current Assets
- Investment in Managed Funds | 17 | 179,082| 170,338| 179,082| 170,338
- Investment in Associates | 18 | 4,645 | 2,186 | - | -
- Investment in Subsidiaries | 19 | - | - | 496 | 168
- Investment in Listed Equities | 16 | 496 | 168 | - | -
- Investment in Unlisted Equities| 16 | 5,345 | 4,295 | 125 | -
- Loan Receivables | 15 | 3,049 | 2,288 | 760 | 1,042
- Goodwill | 14 | 33 | 33 | - | -
- Intangibles | | 2 | 2 | - | -
- Property, plant and equipment | 20 | 1,304 | 1,308 | 900 | 901
- Database development | 10 | - | 186 | - | 186
Total non-current assets | | 193,956| 180,804| 181,363| 172,635
Total assets | | 197,919| 184,033| 191,525| 175,133
Current Liabilities
- Accounts payable | 6 | 740 | 409 | 36 | 262
- Current tax liabilities | | - | 67 | - | -
- Other creditors | | - | 15 | - | -
- Accruals | | 193 | 35 | 103 | -
- Employee entitlements | | 74 | 112 | 33 | 40
- Related Party Advances | 29 | - | - | - | -
- Grant Obligations | 9 | 10,189| 10,946| 1,843 | 2,075
Total current liabilities | | 11,196| 11,584| 2,015 | 2,376
Non-current Liabilities
- Grant Obligations | 9 | 6,262 | 6,073 | 1,863 | 2,335
- Term Loans | | 200 | - | - | -
Total non-current liabilities | | 6,462 | 6,073 | 1,863 | 2,335
Total liabilities | | 17,658| 17,657| 3,878 | 4,711
NET ASSETS | | 180,262| 166,376| 187,647| 170,422
Funds Employed
- Trust capital | 7 | 158,460| 158,460| 158,460| 158,460
- Reserves | 8 | 21,513 | 7,632 | 29,187 | 11,962
Equity attributable to equity holders of parent | | 179,973| 166,092| 187,647| 170,422
- Minority Interest | 13 | 289 | 284 | - | -
TOTAL FUNDS EMPLOYED | | 180,262| 166,376| 187,647| 170,422
The financial statements should be read with the accompanying notes.
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NZ Gazette 2013, No 119
✨ LLM interpretation of page content
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Financial Report of the Community Trust of Southland
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💰 Finance & Revenue15 August 2013
Financial Statements, Trustees, Community Trust, Southland