New Zealand Gazette – 2013 – No. 119

Page 3215

✨ Financial Statements



30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 119 3215

THE COMMUNITY TRUST OF SOUTHLAND

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2013

29. RELATED PARTY TRANSACTIONS (Cont’d)

Directors fees have been paid to Peak Consulting Ltd (P Carnahan) by Benmore Salmon Ltd $18,000 (2012: $Nil) and Waikaia Gold Ltd have accrued $5,000 in directors fees to 31 March 2013, (2012: $Nil); no payments have been made in the year (2012: $Nil). Directors Fees have been paid to B Highsted (Director) from Back Country Foods Ltd $4,800 (2012: $4,800) and Benmore Salmon Ltd $8,000 (2012: $Nil). Directors fees have been paid to I Sutherland (Director) from Taha Asia pacific Ltd $6,000 (2012: $3,000).

Invest South Holdings Limited is owned 100% by The Community Trust of Southland. During the year Invest South Holdings Limited did not pay a management fee to Invest South GP Limited (2012: $35,450). At 31 March 2013 Invest South GP Limited was due $60,308 (2012: $48,872) from Invest South Holdings Limited. At 31 March 2013 Invest South GP Limited owed Invest South Holdings Limited $ Nil (2012: $24,532).

All related party transactions were made on terms equivalent to those that prevail in arm’s length transactions.

30. DISTRIBUTIONS OF INCOME AND CAPITAL

A list of all distributions of income and capital approved by The Community Trust of Southland during the year ended 31 March 2013 is available, on request, from the trust’s office at 62 Don Street (PO Box 1646), Invercargill, 9840.



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2013, No 119




✨ LLM interpretation of page content

💰 Related Party Transactions (continued from previous page)

💰 Finance & Revenue
Financial Transactions, Related Parties, Directors Fees, Invest South Holdings Limited, Invest South GP Limited, Peak Consulting Ltd, Benmore Salmon Ltd, Waikaia Gold Ltd, Back Country Foods Ltd, Taha Asia Pacific Ltd
  • P Carnahan, Director fees paid to Peak Consulting Ltd
  • B Highsted (Director), Director fees paid from Back Country Foods Ltd and Benmore Salmon Ltd
  • I Sutherland (Director), Director fees paid from Taha Asia Pacific Ltd

💰 Distributions of Income and Capital

💰 Finance & Revenue
Distributions, Income, Capital, Community Trust of Southland