β¨ Financial Reports
15 MAY 2014 NEW ZEALAND GAZETTE, No. 48 1383
Financial Performance
for the year ended 30 June 2013
| 2012 | 2013 | |
|---|---|---|
| $000's | $000's | |
| Per Audited Accounts |
Income from research contracts, analytical services, 21,049 consultancy & other scientific projects, lease income and other income
| Expenses including depreciation | (20,317) | (20,527) |
| Net operating surplus | 732 | 1,596 |
| Enterprising Partnership Fund income | 111 | 272 |
| Divestment Costs | (35) | 2,168 |
| Net surplus | 808 | 4,036 |
| Community initiatives | (152) | (131) |
| Trust Surplus | 656 | 3,905 |
Financial Position
as at 30 June 2013
| 2012 | 2013 | |
|---|---|---|
| $000's | $000's | |
| Per Audited Accounts |
The Institute's Trust Capital is represented by;
| Trust capital | 1,756 | 1,755 |
| Special bequests | 141 | 142 |
| Trust investment funds | 400 | 400 |
| Reserves and provisions | 5,355 | 5,355 |
| Accumulated funds | 8,891 | 12,526 |
| Total Trust Capital | 16,542 | 20,178 |
Trust Capital funds the following Net Assets;
| Working capital | 76 | 265 |
| Fixed assets | 16,204 | 19,625 |
| Long term liabilities | (178) | (152) |
| Trust investments | 440 | 440 |
| Total Net Assets | 16,542 | 20,178 |
Movement in Equity
for the year ended 30 June 2013
| 2012 | 2013 | |
|---|---|---|
| $000's | $000's | |
| Per Audited Accounts |
| Opening balance | 11,495 | 16,542 |
| Trust Surplus | 656 | 3,905 |
| Trust Board Distribution | (163) | (270) |
| Revaluation of assets | 4,559 | 0 |
| Bequests movement | (5) | 1 |
| Closing Balance | 16,542 | 20,178 |
R. DICKINSON, Chairman.
Audited by Crowe Howarth New Zealand Audit Partnership.
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β¨ LLM interpretation of page content
π Cawthron Institute Financial Performance and Position
π Education, Culture & ScienceFinancial Reports, Annual Accounts, Cawthron Institute
- R. Dickinson, Chairman
NZ Gazette 2014, No 48