✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2014
20. KEY MANAGEMENT PERSONNEL
The compensation of the Executives, being the key management personnel is set out below:
| Group 2014 $000 | Group 2013 $000 | Parent 2014 $000 | Parent 2013 $000 | |
|---|---|---|---|---|
| Short term employee benefits | 343 | 336 | 196 | 194 |
| $343 | $336 | $196 | $194 |
21. RECONCILIATION WITH OPERATING SURPLUS
| Group | Parent | |||
|---|---|---|---|---|
| 2014 $000 | 2013 $000 | 2014 $000 | 2013 $000 | |
| Net surplus/(deficit) after taxation | 2,513 | 13,966 | 5,203 | 17,202 |
Add (less) movement in working capital
| (Increase)/decrease in accounts receivable | 210 | (223) | 4 | 23 |
| (Increase)/decrease in inventory | (36) | (151) | - | - |
| (Increase)/decrease in prepayments and tax refund due | 72 | (148) | - | - |
| Increase/(decrease) in accounts payable and GST | (497) | 355 | 23 | (213) |
| Increase/(decrease) in other creditors and accruals | (18) | 143 | (30) | 103 |
| Increase/(decrease) in employee entitlements | (14) | (38) | - | (7) |
| Increase/(decrease) in grants committed not paid | (3,703) | (570) | (1,075) | (704) |
| | (3,986) | (632) | (1,078) | (798) |
Add (less) movement in non-cash items
| Gains/(losses) from change in fair value investments | 419 | (10,483) | (1,849) | (10,483) |
| Depreciation | 215 | 172 | 100 | 99 |
| Profit/(loss) on sale of fixed assets | - | - | (3) | - |
| Unrealised gains/(losses) from investments at FVTPL | (1,849) | (1,229) | 418 | (1,228) |
| Impairment on investments/advances | 93 | 99 | - | - |
| Share of associate’s earnings | (252) | (143) | - | - |
| Loss on sale of associate | 285 | - | - | - |
| Discounted interest free loans | (313) | 360 | (306) | 350 |
| | (1,402) | (11,224) | (1,640) | (11,262) |
| Net Cash Outflows from Operating Activities | (2,874) | 2,110 | (2,485) | 5,142 |
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NZ Gazette 2014, No 104
✨ LLM interpretation of page content
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Community Trust of Southland Financial Report
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💰 Finance & RevenueFinancial report, Community Trust, Southland, Property, Plant, Equipment, Valuation, Depreciation, Land, Buildings, Furniture, Motor Vehicles