✨ Financial Statements
4 AUGUST 2014 NEW ZEALAND GAZETTE, No. 86 2411
EASTERN AND CENTRAL COMMUNITY TRUST INCORPORATED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2014
| Note | 2014 | 2013 |
|---|---|---|
| $ | $ |
REVENUE
Realised Income
Dividend income on held for trading financial assets | 2,020,227 | 967,983 |
Interest income on held for trading financial assets | 3,516,213 | 3,212,512 |
Gain on derivatives | 1,435,800 | 1,411,528 |
Gain on disposal on held for trading financial assets | 4,306,204 | 1,055,638 |
Sundry Income | 10,550 | 888 |
| 11,288,994 | 6,648,549 |
Unrealised Income (losses)
Foreign Exchange losses | (6,059,199) | (1,884,742) |
Change in fair value of derivatives | 1,578,350 | (298,247) |
Change in fair value of financial assets held for trading | 2,330,663 | 9,911,141 |
| (2,150,186) | 7,728,152 |
TOTAL INCOME FROM INVESTMENTS | 9,138,808 | 14,376,701 |
LESS EXPENSES
| Note | 2014 | 2013 |
|---|---|---|
| Investment Expenses | 5 | 729,925 |
| Administrative Expenses | 5 | 491,439 |
| Personnel Expenses | 5 | 740,157 |
| Net Community Donations | 10 | 4,625,238 |
TOTAL EXPENSES | 6,586,759 | 5,843,064 |
NET PROFIT FOR THE YEAR | 2,552,049 | 8,533,637 |
TOTAL COMPREHENSIVE INCOME | 2,552,049 | 8,533,637 |
The notes to the financial statements form part of and are to be read in conjunction with the above accounts
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NZ Gazette 2014, No 86
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Financial Statements of Eastern and Central Community Trust Incorporated
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💰 Finance & RevenueIncome, Expenses, Dividends, Interest, Derivatives, Financial Assets, Foreign Exchange, Community Donations