✨ Financial Statements
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
4. INVESTMENT INCOME
| 2014 | 2013 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Net Increase in Investments | 16,334 | 27,332 |
| Net Increase in Derivative Financial Instruments | 11,808 | 1,991 |
| Dividends | 2,497 | 3,174 |
| Interest | 1,685 | 1,963 |
| Total | 32,324 | 34,460 |
5. TRUST FUNDS
| 2014 | 2013 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Base Capital Value | ||
| Balance at the Beginning of the Year | 271,671 | 267,743 |
| Transfer from Comprehensive Income | 5,901 | 3,928 |
| Balance at the End of the Year | 277,572 | 271,671 |
Base capital value is adjusted on a quarterly compounding basis for inflation and regional population growth.
Annual Adjustment to Base Capital Value
| 2014 | 2013 | |
|---|---|---|
| Inflation | 1.56% | 0.86% |
| Population Growth (Waikato Region) | 0.60% | 0.60% |
| (As per census, half actual growth 2001-2006) | ||
| Total Adjustment | 2.16% | 1.46% |
| 2013 | 2012 | |
|---|---|---|
| NZ$'000 | NZ$'000 | |
| Investment Fluctuation Reserve | ||
| Balance at the Beginning of the Year | 13,837 | (6,198) |
| Transfer from Comprehensive Income | 15,649 | 20,035 |
| Balance at the End of the Year | 29,486 | 13,837 |
Full NZ IFRS Financial Statements for the year ended 31 March 2014
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NZ Gazette 2014, No 101
✨ LLM interpretation of page content
💰
Notes to the Financial Statements of The Waikato Community Trust Incorporated
(continued from previous page)
💰 Finance & Revenue24 July 2014
Financial Statements, Depreciation, Cash Flows, Goods and Services Tax, Taxation, Foreign Currency Transactions