Notice Type
General Notices
ASB Bank Community Trust Trustee Banks Restructuring Act 1988 Statement of Income and Expenditure for the Year Ended 31 March 1999 Note 1999$000 1998$000 Income Dividends 5,325 4,850 Other investments2 516 438 5,841 5,288 Expenditure8 507 462 5,334 4,826 Investment revaluations3 21,700 20,638 Surplus before tax 27,034 25,464 Taxation4 0 (93) Net surplus $27,034 $25,557 The net surplus has been allocated as follows: Investment reserve6 19,676 18,714 Charitable purposes reserve fund6 1,667 2,432 Uncommitted surplus available for distribution 5,691 4,411 $27,034 $25,557 Statement of Movement in Trust Funds for the Year Ended 31 March 1999 Total trust funds at beginning of year 145,789 123,681 Net surplus 27,034 25,557 Committed donations5 (6,423) (3,449) Total trust funds at end of year $166,400 $145,789 The notes to these financial statements form part of and should be read in conjunction with this statement of income and expenditure and statement of movement in trust funds. Balance Sheet as at 31 March 1999 Note 1999$000 1998$000 Source of funds Trust funds Capital7 44,320 44,320 Investment reserve6 104,249 84,573 Charitable purposes reserve fund6 15,481 13,814 General reserve6 1,000 1,000 Retained surplus 1,350 2,082 166,400 145,789 Liabilities Bank overdraft 0 9 ASB Charitable Trust 52 52 Creditors 30 11 Committed donations5 3,433 2,710 3,515 2,782 $169,915 $148,571 Employment of funds Investments Shares3 163,850 142,150 Other investments3 6,042 6,383 169,892 148,533 Current assets Cash 13 0 Debtors 10 38 23 38 $169,915 $148,571 Approved on behalf of the board: JUDITH BASSETT, Chairperson. WAARI WARD-HOLMES, Deputy Chairman. Dated this 31st day of May 1999. The notes to these financial statements form part of and should be read in conjunction with this balance sheet. Statement of Cash Flows for the Year Ended 31 March 1999 1999$000 1998$000 Cash flows from operating activities Cash was provided from: Dividends received5,325 4,850 Interest received on investments461 423 Net charitable purposes reserve fund0 56 Taxes received0 116 5,786 5,445 Cash was disbursed on: Payment to suppliers, trustees and staff(44[teh]) (32[teh]) Refunds to ASB Charitable Trust for the services of suppliers, trustees and staff(444[teh]) (440[teh]) Net charitable purposes reserve fund(186[teh]) 0 Donations to community organisations(5,700[teh]) (3,943[teh]) (6,374[teh]) (4,415[teh]) Net cash (outflow)/inflow from operating activities (588[teh] ) 1,030 Cash flows from investing activities Cash was disbursed on: Decrease/(increase) in term deposits991 (940[teh]) Increase in bonds0 (511[teh]) Net cash inflow/(outflow) from investing activities 991 (1,451[teh]) Net cash inflow/(outflow) from activities 403 (421[teh]) Add opening cash brought forward 101 522 Ending cash carried forward $504 $101 Cash comprises: Cash at bank 13 (9[teh]) Call deposits 491 110 $504 $101 The notes to these financial statements form part of and should be read in conjunction with this statement of cash flows. Reconciliation of Reported Surplus to Net Cash Flow From Operating Activities for the Year Ended 31 March 1999 1999$000 1998$000 Reported surplus 27,034 25,557 Add non-cash items: Unrealised investment revaluations(21,700[teh]) (20,638[teh]) Unrealised movement on bonds(83[teh]) 11 (21,783[teh]) (20,627[teh]) Movements in working capital items: Increase/(decrease) in creditors19 (1[teh]) Increase/(decrease) in committed donations723 (494[teh]) Net charitable purposes reserve fund(186[teh]) 56 Decrease in taxation receivable0 22 Decrease/(increase) in debtors28 (23[teh]) Decrease in ASB Charitable Trust0 (11[teh]) 584 (451[teh]) Committed donations (6,423[teh]) (3,449[teh]) Net cash (outflow)/inflow from operating activities $(588[teh]) $1,030 Notes to the Financial Statements for the Year Ended 31 March 1999 1. Statement of Accounting Policies The ASB Bank Community Trust (``the Trust'') is the reporting entity. The trust was formed on 30 May 1988 through the creation of a trust deed in compliance with the Trustee Banks Restructuring Act 1988. Under the terms of the trust deed the trust was settled with 60 million $1 fully paid ordinary shares in ASB Bank Limited representing 100 percent of the issued capital. As at 31 March 1988 the net tangible asset backing of those 60 million shares was $147,655,000. In 1989 45 million shares were sold to the Commonwealth Bank of Australia for $252,000,000 which was then donated to the ASB Charitable Trust. The measurement basis adopted is that of historical cost adjusted for the revaluation of certain assets. Reliance is placed on the fact that the trust is a going concern. The financial statements have been prepared in accordance with the requirements of the Financial Reporting Act 1993. Bank Bank is stated as the balance in the bank account rather than the balance as per the cash book. Statement of Cash Flows Cash comprises cash at bank and call deposits but excludes charitable purposes reserve fund cash at bank and call deposits. Dividends Dividends are recognised as income when they are received by the trust. They are recorded net of any imputation tax credits. Donations Donations are accounted for as they are distributed or committed to be distributed to eligible organisations as approved by the trustees. Expenses Some expenses are shared jointly with the ASB Charitable Trust. Whilst each trust bears its own specific costs, the joint expenses are allocated between each trust on the basis of the number of applications processed by each. Joint expense allocations were: 1999 1998 This trust40 percent 40 percent ASB Charitable Trust60 percent 60 percent Investments Investments in shares are valued at the net tangible asset backing as disclosed in the latest published accounts. Any revaluation difference is transferred to the investment reserve. Other investments are stated at market value. Any gains or losses are recognised in income and expenditure for the period. Financial Instruments All assets and liabilities of the trust are financial instruments and are recognised in the balance sheet. All financial instruments are recorded at market value or fair value or are not materially different from market value or fair value. The quantitative disclosures required by FRS 31 Disclosure of Information about Financial Instruments, have been included throughout the financial statements where material. Reserves The investment reserve reflects both the realised and unrealised increase in the net tangible asset value of the shareholding in ASB Bank Limited. It excludes the portion of the increases attributable to the charitable purposes reserve fund. The charitable purposes reserve fund represents funds contributed by ASB Charitable Trust to enable the trust to participate in the issue of new equity by ASB Bank Limited. In order to maintain the non taxable status of this reserve, the trust is required to segregate these funds contributed from ASB Charitable Trust and the income attributable thereto. There are also certain restrictions on the distribution of income from this fund. Transfers to other reserves from the unallocated surplus are made at the discretion of the trustees. Taxation Taxation includes both current and deferred tax. Deferred tax is calculated using the comprehensive liability method. Comparatives Certain comparatives have been restated for disclosure purposes. Changes in Accounting Policies There have been no material changes in accounting policies during the period. 1999$000 1998$000 2. Income Other Investments Interest received434 444 Investment profit/(loss)82 (6[teh]) $516 $438 3. Investments Shares in ASB Bank Limited Balance as at 1 April142,150 121,512 Increase in net tangible assets21,700 20,638 Balance as at 31 March$163,850 $142,150 The increase in net tangible assets is based on unaudited accounts of ASB Bank Limited as at 31 December 1998. Change in Shareholding The investment held in ASB Bank Limited is disclosed based on the shares held and net tangible assets of ASB Bank Limited as at 31 December 1998 in accordance with the trust's accounting policy.[qp] On 30 March 1999 an arrangement was entered into whereby the trust exchanged its 25 percent shareholding in ASB Bank Limited for a 25 percent shareholding in ASB Group Limited. This company will hold 100 percent of the shares in ASB Bank Limited and ASB Life Assurance Limited.[qp] This transaction has not been reflected in the current financial statements, as in substance the trust's shareholding in the new group would have effectively been the same as shown in the financial statements.[qp] Other Investments[qp] These consist of securities and deposits managed in-house.[qp] Investments comprise: Call deposits491 110 Call deposits charitable purposes reserve fund264 0 Term deposits3,259 4,250 Term deposits charitable purposes reserve fund566 643 Bonds1,462 1,380 $6,042 $6,383 Certain of the trust's deposits are subject to a right of set off under the terms of the trust's banking agreement. There has been no set off applied in the presentation of these accounts.[qp] 4. Taxation Surplus before taxation 27,034 25,464 Net dividend (5,325[teh]) (4,850[teh]) Unrealised investment revaluations(21,700[teh]) (20,638[teh]) Income attributable to charitable purposes reserve fund(51[teh]) (61[teh]) Non-deductible expenditure431 384 Distribution to tax approved beneficiaries(425[teh]) (339[teh]) Taxable loss brought forward(119[teh]) (79[teh]) Taxable loss carried forward$(155[teh]) $(119[teh]) Taxation charge @ 33 percent$0 $0 Over provision of prior years$0 $(93[teh]) 5. Donations For this year Committed and disbursed3,449 1,366 Committed but not yet disbursed3,035 2,101 Total donations approved6,484 3,467 Donations written back(61[teh]) (18[teh]) $6,423 $3,449 Committed but not yet disbursed Committed in previous years398 613 Committed this year3,035 2,097 $3,433 $2,710 1999$000 1998$000 6. Reserves Investment Reserve Balance as at 1 April84,573 65,859 Increase in value of ASB Bank Limited shares21,700 20,638 Increase attributable to the charitable purposes reserve fund(2,024[teh]) (1,924[teh]) Balance as at 31 March$104,249 $84,573 Charitable purposes reserve fund Balance as at 1 April13,814 11,382 Increase in value of ASB Bank Limited shares2,024 1,924 Income546 508 Donations to charitable organisations(903[teh]) 0 Balance as at 31 March$15,481 $13,814 General reserve Balance as at 1 April1,000 1,000 Balance as at 31 March$1,000 $1,000 7. Trust Capital Balance as at 1 April44,320 44,320 Balance as at 31 March$44,320 $44,320 8. Other Expenditure Audit fees6 6 Facilities rental33 34 Legal fees39 1 Occupancy costs25 38 Other operating costs78 71 Public and statutory reporting58 52 Staff expenses196 195 Trustees' fees61 56 Trustees' expenses11 9 $507 $462 9. Financial Instruments Currency Risk All financial instruments are held in New Zealand and therefore the trust is not subject to currency risk. Interest Rate Risk The trust invests in securities that are subject to interest rate risk. The trust actively monitors this risk and changes asset allocations and maturity profiles accordingly. Credit Risk The trust owns financial instruments that are subject to credit risk. No collateral is required in respect of financial assets. The maximum credit risk exposure to the trust is the value of investments as disclosed in the financial statements. Fair Values All financial instruments are carried at market value. KPMG Audit Report to the Trustees of ASB Bank Community Trust We have audited the financial statements comprising the statement of income and expenditure, the statement of movement in trust funds, the balance sheet, the statement of cash flows and the notes to these financial statements. The financial statements provide information about the past financial performance of the trust and its financial position as at 31 March 1999. This information is stated in accordance with the accounting policies included in the notes to these financial statements. Trustees' Responsibilities The trustees are responsible for the preparation of financial statements which give a true and fair view of the financial position of the trust as at 31 March 1999 and of the results of its operations and cash flows for the year ended on that date. Auditors' Responsibilities It is our responsibility to express an independent opinion on the financial statements presented by the trustees and report our opinion. Basis of Opinion An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements. It also includes assessing: the significant estimates and judgements made by the trustees in preparation of the financial statements; whether the accounting policies are appropriate to the trust's circumstances, consistently applied and adequately disclosed. We conducted our audit in accordance with New Zealand auditing standards. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to obtain reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. Other than in our capacity as auditors we have no relationship with or interest in the trust. Unqualified Opinion We have obtained all the information and explanations we have required. In our opinion the financial statements: comply with generally accepted accounting practice; give a true and fair view of the financial position of the trust as at 31 March 1999 and the results of its operations and cash flows for the year ended on that date. Our audit was completed on 31 May 1999 and our unqualified opinion is expressed as at that date. KPMG, Auckland. ASB Charitable Trust Statement of Income and Expenditure for the Year Ended 31 March 1999 Note 1999$000 1998$000 Income Managed funds 40,132 77,598 Other investments 100 78 Rent 8 8 40,240 77,684 Direct expenditure Fund management, custodian and advisory fees 1,944 1,913 38,296 75,771 Other expenditure7 716 686 Net surplus $37,580 $75,085 The net surplus has been allocated as follows: Capital maintenance reserve3 (336[teh]) 4,393 General reserve3 0 42,000 Uncommitted surplus available for distribution 37,916 28,692 $37,580 $75,085 Statement of Movement in Trust Funds for the Year Ended 31 March 1999 Total trust funds at beginning of year 428,637 373,428 Net surplus 37,580 75,085 Committed donations4 (25,918[teh]) (19,876[teh]) Total trust funds at end of year $440,299 $428,637 The notes to these financial statements form part of and should be read in conjunction with this statement of income and expenditure and statement of movement in trust funds. Balance Sheet as at 31 March 1999 Note 1999$000 1998$000 Source of funds Trust funds Capital5 251,786 251,786 Capital maintenance reserve3 64,622 64,958 General reserve3 100,000 100,000 Retained surplus 23,891 11,893 440,299 428,637 Liabilities Creditors 722 497 Committed donations4 15,976 12,516 16,698 13,013 $456,997 $441,650 Employment of funds Investments Managed funds2 454,284 438,652 Other investments2 448 661 454,732 439,313 Current assets ASB Bank Community Trust 52 52 Cash 51 40 Debtors 11 3 Other assets 0 21 114 116 Fixed assets6 2,151 2,221 $456,997 $441,650 Approved on behalf of the board: JUDITH BASSETT, Chairperson. WAARI WARD-HOLMES, Deputy Chairman. Dated this 31st day of May 1999. The notes to these financial statements form part of and should be read in conjunction with this balance sheet. Statement of Cash Flows for the Year Ended 31 March 1999 1999$000 1998$000 Cash flows from operating activities Cash was provided from: Receipts from fund managers 24,500 22,250 Interest received on investments 94 76 Refunds of expenses by ASB Bank Community Trust 444 440 Net G.S.T. 4 2 Receipts from rentals 8 8 25,050 22,776 Cash was disbursed on: Payment to suppliers, trustees and staff(1,018[teh]) (1,068[teh]) Fund management and advisory fees(1,769[teh]) (1,849[teh]) Donations to charitable organisations(22,458[teh]) (20,252[teh]) (25,245[teh]) (23,169[teh]) Net cash outflow from operating activities (195[teh]) (393[teh]) Cash flows from investing activities Cash was provided from: Bond maturity0 100 Sale of fixed assets0 15 0 115 Cash was disbursed on: Purchase of fixed assets(13[teh]) (73[teh]) Net cash (outflow)/inflow from investing activities (13[teh]) 42 Net cash outflow from activities (208[teh]) (351[teh]) Add opening cash brought forward 592 943 Ending cash carried forward $384 $592 Cash comprises: Cash at bank 51 40 Call deposits 333 552 $384 $592 The notes to these financial statements form part of and should be read in conjunction with this statement of cash flows. Reconciliation of Reported Surplus to Net Cash Flow From Operating Activities for the Year Ended 31 March 1999 1999$000 1998$000 Reported surplus 37,580 75,085 Add non-cash items: Depreciation83 85 Unrealised movement on bonds(6[teh]) 4 77 89 Movements in working capital items: Increase in creditors225 2 Increase/(decrease) in committed donations3,460 (376[teh]) Decrease in ASB Bank Community Trust0 11 (Increase)/decrease in debtors(8[teh]) 15 Decrease in other assets21 2 3,698 (346[teh]) Movements in investments: Loss on disposal of fixed assets 0 2 Less fund managers' income reinvested by fund managers (15,632[teh]) (55,347[teh]) Less committed donations (25,918[teh]) (19,876[teh]) Net cash outflow from operating activities $(195[TEH]) $(393[TEH]) Notes to the Financial Statements for the Year Ended 31 March 1999 1. Statement of Accounting Policies The ASB Charitable Trust (``the Trust'') is the reporting entity. The trust was formed on 31 May 1989 through the creation of a trust deed by the ASB Bank Community Trust and a donation of $252,000,000. The measurement basis adopted is that of historical cost adjusted for the revaluation of certain assets. Reliance is placed on the fact that the trust is a going concern. The financial statements have been prepared in accordance with the requirements of the Financial Reporting Act 1993. Bank Bank is stated as the balance in the bank account rather than the balance as per the cash book. Statement of Cash Flows Cash comprises cash at bank and call deposits but does not include cash or deposits held by the fund managers. Therefore the statement of cash flows does not reflect the cash flows within the fund managers' portfolios. Depreciation Depreciation is provided over the useful life of the assets. Buildings are depreciated on a straight line basis. Vehicle, office equipment and furniture are depreciated on a diminishing value basis. The rates used are those recommended by the Inland Revenue Department. Dividends Dividends are recognised as income when they are received by the trust and exclude imputation tax credits. Donations Donations are accounted for as they are distributed or committed to be distributed to eligible organisations as approved by the trustees. Expenses Some expenses are shared jointly with the ASB Bank Community Trust. Whilst each trust bears its own specific costs, the joint expenses are allocated between the trusts on the basis of the number of applications processed by each. Joint expense allocations were: 1999 1998 This trust60 percent 60 percent ASB Bank Community Trust40 percent 40 percent Fixed Assets Fixed Assets are valued at cost less accumulated depreciation. Foreign Currencies All amounts denominated in foreign currencies are converted to New Zealand dollars at balance date and all realised and unrealised gains and losses are recognised in income and expenditure for the period. Investments Investments are stated at market value. Any gains or losses are recognised in income and expenditure for the period. Investment transactions are recorded by the fund managers on a settlement date basis. Unsettled transactions are disclosed in the Notes as commitments. Financial Instruments All assets and liabilities of the trust with the exception of fixed assets are financial instruments and are recognised in the balance sheet. All financial instruments are recorded at market value or fair value or are not materially different from market value or fair value. The trust uses financial instruments with off balance sheet risk to reduce exposure to fluctuations in foreign currency exchange rates. Forward exchange contracts are entered into to hedge foreign currency transactions. These are converted to the New Zealand dollar rate at balance date with all realised and unrealised gains and losses being recognised in the income and expenditure statement. The quantitative disclosures required by FRS 31 Disclosure of Information about Financial Instruments, have been included throughout the financial statements where material. Reserves Transfers to the capital maintenance reserve are based on the annual movement in the Consumer Price Index. Transfers to all other reserves from the unallocated surplus are made at the discretion of the trustees. Taxation The trust has been accorded tax exempt status in New Zealand and Australia but is liable to taxation on investment income in some other overseas countries. Tax on overseas income is accounted for as a reduction of that income. Comparatives Certain comparatives have been regrouped for disclosure purposes. Changes in Accounting Policies There have been no material changes in accounting policies during the period. 1999$000 1998$000 2. Investments Managed by external managers Balance as at 1 April438,652 383,304 Movement in market value40,132 77,598 Withdrawals(24,500[teh]) (22,250[teh]) Balance as at 31 March$454,284 $438,652 Investments managed by external managers comprise Cash, deposits and miscellaneous76,611 58,487 Bonds194,781 191,673 Equities182,892 188,492 Portfolio total$454,284 $438,652 Other investments comprise Call deposits333 552 Bonds115 109 $448 $661 `Other investments' are managed in-house. Included in these are deposits, certain of which are subject to a right of set-off under the terms of the trust's banking agreement. There has been no set-off applied in the presentation of these accounts.[qp] 3. Reserves Capital maintenance reserve Balance as at 1 April64,958 60,565 Allocation (to)/from surplus(336[teh]) 4,393 Balance as at 31 March$64,622 $64,958 General reserve Balance as at 1 April100,000 58,000 Allocation from surplus0 42,000 Balance as at 31 March$100,000 $100,000 4. Donations For this year Committed and disbursed13,902 9,791 Committed but not yet disbursed12,681 10,388 Total donations approved26,583 20,179 Donations written back(665[teh]) (303[teh]) $25,918 $19,876 Committed but not yet disbursed Committed in previous years3,580 2,182 Committed this year12,396 10,334 $15,976 $12,516 5. Trust Capital Balance as at 1 April251,786 251,786 Balance as at 31 March$251,786 $251,786 6. Fixed Assets Cost 1999$000Accumulated Depreciation Book Value Cost 1998$000Accumulated Depreciation Book Value Land and buildings2,079 133 1,946 2,079 112 1,967 Vehicle, office equipment and furniture657 452 205 644 390 254 $2,736 $585 $2,151 $2,723 $502 $2,221 7. Other Expenditure 1999$000 1998$000 Audit fees23 27 Depreciation50 51 Loss on disposal of fixed assets0 1 Legal fees9 4 Occupancy costs37 57 Other operating costs98 67 Public and statutory reporting87 78 Staff expenses299 300 Trustees' fees91 84 Trustees' expenses22 17 $716 $686 8. Statement of Cash Flows The depreciation charged to the cash flow statement includes a sum of $33,353 (1998 $34,068) on charged to the ASB Bank Community Trust as facilities rental. 9. Commitments Investments Net investment transactions receivable by the fund managers but unsettled prior to year end total $28,960,599 (1998 ($2,535,554)). 10. Financial Instruments Currency Risk The trust invests in securities that are denominated in foreign currencies and therefore result in a currency risk. In order to minimise the currency risk, foreign currency assets are hedged. 1999$000 1998$000 Foreign currency denominated assets252,020 246,931 Less foreign currency contracts178,393 172,236 $73,627 $74,695 Interest Rate Risk The trust, through its fund managers, invests in securities that are subject to interest rate risk. The trust actively monitors this risk and changes asset allocations and maturity profiles accordingly. Credit Risk The trust in the normal course of business enters into arrangements with other parties. These arrangements give rise to credit risk for the trust and hence policies and procedures are maintained so that this risk is minimised. No collateral is required in respect of financial assets. For all classes of financial assets held by the trust the maximum credit risk exposure to the trust is the carrying value as disclosed in the financial statements at balance date. Due to the diversification of the investment portfolio and the policies and procedures in place, there is no significant concentrations of credit risk. Fair Values All financial instruments are carried at market value. 11. Foreign Currency Monetary Assets As at 31 March 1999, the trust had the following foreign currency monetary assets that were not hedged. Foreign Currency Exposure Receivables stated in NZ$ equivalents: 1999$000 1998$000 USA and Canada59,470 57,242 UK and Continental Europe9,743 15,446 Japan and Far East2,346 3 Other2,068 2,004 $73,627 $74,695 12. Events Subsequent to Balance Date On 1 April 1999, the trust provided a 5 year term loan of $60 million to a related party ASB Group Limited, at a fixed interest rate of 7.11 percent. KPMG Audit Report to the Trustees of ASB Charitable Trust We have audited the financial statements comprising the statement of income and expenditure, statement of movement in trust funds, the balance sheet, the statement of cash flows and the notes to these financial statements. The financial statements provide information about the past financial performance of the trust and its financial position as at 31 March 1999. This information is stated in accordance with the accounting policies included in the notes to these financial statements. Trustees' Responsibilities The trustees are responsible for the preparation of financial statements which give a true and fair view of the financial position of the trust as at 31 March 1999 and of the results of its operations and cash flows for the year ended on that date. Auditors' Responsibilities It is our responsibility to express an independent opinion on the financial statements presented by the trustees and report our opinion. Basis of opinion An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements. It also includes assessing: the significant estimates and judgements made by the trustees in the preparation of the financial statements; whether the accounting policies are appropriate to the trust's circumstances, consistently applied and adequately disclosed. We conducted our audit in accordance with New Zealand auditing standards. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to obtain reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. Other than in our capacity as auditors we have no relationship with or interest in the trust. Unqualified Opinion We have obtained all the information and explanations we have required. In our opinion the financial statements: comply with generally accepted accounting practice; give a true and fair view of the financial position of the trust as at 31 March 1999 and the results of its operations and cash flows for the year ended on that date. Our audit was completed on 31 May 1999 and our unqualified opinion is expressed as at that date. KPMG, Auckland. A copy of the list of organisations to whom donations have been made by the ASB Bank Community Trust and the ASB Charitable Trust is available on request from ASB Trusts, P.O. Box 68-048, Newton, Auckland.
Publication Date
5 Aug 1999

Notice Number

1999-gn5666

Page Number

2155