β¨ Financial Statements
2938 NEW ZEALAND GAZETTE, No. 105 29 AUGUST 2014
ASB COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2014
3. FIXED ASSETS
GROUP AND TRUST
| Land (Valuation) | Buildings (Valuation) | Work in Progress (Cost) | Office Equipment, Plant and Furniture (Cost) | Total | |
|---|---|---|---|---|---|
| Cost/ Revaluation | |||||
| Opening Balance at 1 April 2012 | 1,906 | 155 | 2,152 | 457 | 4,670 |
| Additions | - | - | 5,143 | 100 | 5,243 |
| Transfers | 576 | 4,595 | (7,249) | 2,078 | - |
| Disposals and Derecognition | - | (151) | (46) | (16) | (213) |
| Revaluations | (62) | (299) | - | - | (381) |
| Closing Balance at 31 March 2013 | 2,400 | 4,300 | - | 2,619 | 9,319 |
| Opening Balance at 1 April 2013 | 2,400 | 4,300 | - | 2,619 | 9,319 |
| Additions | - | 152 | 36 | 58 | 246 |
| Transfers | - | - | - | - | - |
| Disposals and Derecognition | - | - | - | (58) | (58) |
| Revaluations | - | (152) | - | - | (152) |
| Closing Balance at 31 March 2014 | 2,400 | 4,300 | 36 | 2,619 | 9,355 |
Depreciation
| Land | Buildings | Work in Progress | Office Equipment, Plant and Furniture | Total | |
|---|---|---|---|---|---|
| Opening Balance at 1 April 2012 | - | - | - | 317 | 317 |
| Depreciation for year | - | 13 | - | 108 | 121 |
| Disposals | - | - | - | (16) | (16) |
| Closing Balance at 31 March 2013 | - | 13 | - | 409 | 422 |
| Opening Balance at 1 April 2013 | - | 13 | - | 409 | 422 |
| Depreciation for year | - | 51 | - | 291 | 342 |
| Disposals | - | - | - | (57) | (57) |
| Closing Balance at 31 March 2014 | - | 64 | - | 643 | 707 |
Carrying amounts
| Balance at 31 March 2013 | 2,400 | 4,287 | - | 2,210 | 8,897 |
| Balance at 31 March 2014 | 2,400 | 4,236 | 36 | 1,976 | 8,648 |
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ASB Community Trust Financial Statements
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π° Finance & RevenueFinancial Statements, Community Trusts, Revenue, Expenses, Grants, NZ IFRS 9, Financial Instruments, Financial Reporting Framework, Public Benefit Entities
NZ Gazette 2014, No 105