✨ Financial Statements
TSB Community Trust
Statement of Cash Flows
For the year ended 31 March 2014
| Note | 2014
$ | 2013
$ |
|------|----------------|----------------|
Cash Flow from Operating Activities
Cash was provided from
- Interest income | 961,959 | 969,945 |
- Dividend income | 11,025,000 | 10,720,000 |
- Received from customers | (344) | 1,496 |
Total cash provided | 11,986,615 | 11,691,441 |
Cash was applied to:
- Operating expenses | (814,934) | (648,678) |
- Grants paid | (11,725,996) | (5,967,183) |
Total cash applied | (12,540,930) | (6,615,861) |
Net Cash Flow from Operating Activities | (554,315) | 5,075,580 |
Cash Flow from Investing Activities
Cash was applied to:
- Increase in investment securities | (1,205,000) | (2,750,000) |
- Property, plant and equipment purchased | (23,387) | (13,954) |
- Intangible assets purchased | (43,359) | (9,212) |
Net Cash Flow from Investing Activities | (1,271,746) | (2,773,166) |
Net increase/(decrease) in cash | (1,826,061) | 2,302,414 |
Cash and cash equivalents at start of year | 2,724,936 | 422,522 |
Cash and cash equivalents at end of year | 3 | 898,875 | 2,724,936 |
Represented by:
- Petty cash | 396 | 174 |
- TSB Bank cheque account | 528,083 | 2,433,286 |
- TSB Bank reserve interest account | 370,396 | 291,476 |
| | 3 | 898,875 | 2,724,936 |
These financial statements are to be read in conjunction with the notes on pages 7 to 22.
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NZ Gazette 2014, No 87
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TSB Community Trust Financial Statements
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💰 Finance & Revenue15 July 2014
Financial Statements, Community Trusts, TSB, Equity Changes