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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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2014, No 86





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💰 Financial Statements of Eastern and Central Community Trust Incorporated (continued from previous page)

💰 Finance & Revenue
Financial Assets, Investment Portfolio, Plant & Equipment, Cash Equivalents