β¨ Financial Statements
NEW ZEALAND GAZETTE, No. 84
1 AUGUST 2014
The Canterbury Community Trust
Notes to the financial statements
For the year ended 31 March 2014
In New Zealand Dollars ($000's)
5 Revenue
| Group 2014 | Group 2013 | Trust 2014 | Trust 2013 | |
|---|---|---|---|---|
| Rents received | 1,151 | 979 | 0 | 0 |
| Interest received | 1,888 | 907 | 3,270 | 2,365 |
| Management fees and other income | 0 | 0 | 552 | 43 |
| Change in fair value of investments | 24,046 | 39,677 | 23,430 | 37,514 |
| Total | 27,085 | 41,563 | 27,252 | 39,922 |
6 Investment fees
| Group 2014 | Group 2013 | Trust 2014 | Trust 2013 | |
|---|---|---|---|---|
| Fund manager fees | 1,334 | 1,293 | 1,092 | 1,222 |
| Custodial fees | 101 | 134 | 101 | 134 |
| Advisory fees | 240 | 369 | 201 | 237 |
| Total | 1,675 | 1,796 | 1,394 | 1,593 |
7 Other income
| Group 2014 | Group 2013 | Trust 2014 | Trust 2013 | |
|---|---|---|---|---|
| Change in fair value of investment property | 788 | (96) | 0 | 0 |
| Profit on disposal of investment property | 246 | 481 | 0 | 0 |
| Rent received from investment property | 3,153 | 2,276 | 0 | 0 |
| Total | 4,187 | 2,661 | 0 | 0 |
8 Other expenses
| Group 2014 | Group 2013 | Trust 2014 | Trust 2013 | |
|---|---|---|---|---|
| Advertising public relations, distribution and other costs | 366 | 239 | 359 | 216 |
| Computer costs | 149 | 112 | 149 | 112 |
| Depreciation | 55 | 94 | 46 | 23 |
| Loan write-off | 0 | 218 | 0 | 218 |
| Professional fees | 64 | 387 | 51 | 186 |
| Property costs | 787 | 969 | 177 | 167 |
| Salaries, trustee fees and staff-recruiting fees | 1,214 | 997 | 1,214 | 997 |
| Share of profit/loss from associates | 91 | 4 | 91 | 4 |
| Auditor's remuneration | ||||
| - for audit of financial statements | 28 | 32 | 28 | 32 |
| - tax compliance services | 52 | 25 | 47 | 25 |
| Total | 2,806 | 3,077 | 2,162 | 1,980 |
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π°
Financial Statements for Year Ended 31 March 2014
(continued from previous page)
π° Finance & Revenue7 July 2014
Financial Statements, Revenue, Investment Fees, Other Income, Other Expenses
NZ Gazette 2014, No 84