Consolidated Financial Statements for the Year Ended
31 March 2002
$ $
000 000
2002 2001
Financial Performance
Income (loss) from investments (1,942) (3,988)
(1,942) (3,988)
Less:
Administration expenses 298 206
Investment management fees 80 103
Donations 2124 2736
(2,502) (3,045)
Surplus after donations (4,444) (7,033)
Capital maintenance reserve 476 1,102
Transferred to trust funds (4,920) (8,135)
(4,444) (7,033)
Financial Position
Trust funds:
Opening equity 36,461 45,072
Capital maintenance reserve 4,197 3,721
Transfers to (from) reserves (4,444) (8,135)
36,214 40,658
Represented by-
Investments and other assets:
ANZ asset management 6,480 7,840
State Street global assets 30,344 33,868
Bank and sundry 294 30
37,118 41,738
Less current liabilities:
Donations not uplifted 877 1,047
Accounts payable 27 33
36,214 40,658
------------
A full set of audited annual financial statements is available from the Executive Director, P.O. Box 365, Wanganui.