✨ Financial Statements
2420
NEW ZEALAND GAZETTE, No. 86
4 AUGUST 2014
EASTERN AND CENTRAL COMMUNITY TRUST INC
7. FINANCIAL ASSETS HELD FOR TRADING
All portfolio investments are classified as fair value through profit or loss.
| 2014 | 2013 | |
|---|---|---|
| $ | $ | |
| Investment portfolio movement | ||
| Opening balance | 135,838,175 | 130,678,052 |
| Gain/(Loss) before fund manager fees | 5,640,902 | 12,832,053 |
| Withdrawals to fund donations (net) | (3,622,834) | (7,671,930) |
| Closing Balance | 137,856,245 | 135,838,175 |
| Investments comprise | | |
| Bonds | 51,878,382 | 58,092,888 |
| Equities | 85,396,759 | 77,745,287 |
| Private Equity | 581,104 | — |
| | 137,856,245 | 135,838,175 |
| Investments held in: | | |
| New Zealand | 57,250,271 | 59,420,477 |
| Off Shore | 80,605,974 | 76,417,698 |
| | 137,856,245 | 135,838,175 |
8. PLANT & EQUIPMENT
| 2014 | 2013 | |
|---|---|---|
| $ | $ | |
| Cost | ||
| Opening balance at beginning of year | 171,616 | 166,387 |
| Additions | 17,337 | 5,499 |
| Disposals | (1,400) | (270) |
| Closing balance at end of year | 187,553 | 171,616 |
| Depreciation & Impairment Losses | | |
| Opening balance at beginning of year | 134,031 | 114,766 |
| Depreciation for the year | 19,312 | 19,535 |
| Impairment | — | — |
| Disposals | (809) | (270) |
| Closing balance at end of year | 152,535 | 134,031 |
| Carrying Amounts | | |
| At beginning of year | 37,585 | 51,621 |
| At end of year | 35,018 | 37,585 |
9. CASH AND CASH EQUIVALENTS
| 2014 | 2013 | |
|---|---|---|
| $ | $ | |
| Current accounts | 12,647 | 11,453 |
| Call account | 686,926 | 861,562 |
| Petty cash | 49 | 104 |
| Short term deposits | 10,107,446 | 11,094,640 |
| Total cash and cash equivalents | 10,807,068 | 11,967,759 |
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Financial Statements of Eastern and Central Community Trust Incorporated
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💰 Finance & RevenueFinancial Assets, Investment Portfolio, Plant & Equipment, Cash Equivalents
NZ Gazette 2014, No 86