Notice Type
General Notices
Trust Bank Wanganui Community Trust Inc. Consolidated Financial Statements for the Year Ended 31 March 1998 Financial Performance 1998$000s 1997$000s Income Interest and Dividends1,650 3,714 Increase in value of investments4,277 4,672 5,927 8,386 Less Administration expenses138 112 Investment management162 Donations2,074 2,108 Surplus after donations3,553 6,166 Transferred to capital maintenance reserve802 742 Transferred to Trust Funds2,751 5,424 3,553 6,166 Financial Position 1998$000s 1997$000s Trust funds Opening balance, 1 April37,716 32,292 Capital maintenance reserve1,544 742 Transfers to reserves2,751 5,424 Closing balance, 31 March42,011 38,458 Represented by: Investments and Other Assets ANZ Funds Management21,597 Tower Portfolio Management20,648 Direct Investments 2,734 Bank deposits, equipment and sundry38 36,178 42,283 38,912 Less current liabilities Donations not uplifted219 439 Accounts payable53 15 42,011 38,458 This financial information has been extracted from the Audited Financial Statement. A full set of financial statements together with a list of donations made is available upon request, from the Executive Director, P.O. Box 365, Wanganui.
Publication Date
23 Jul 1998

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