Consolidated Financial Statements for the Year Ended
31 March 2004
$ $
000 000
2004 2003
Statement of Financial Performance
Income (loss) from investments 6,291 (9,498)
Donations 7 -
Rent 24 24
6,322 (9,474)
Less:
Administration expenses 214 247
Investment management fees 61 77
Donations 1,112 1,309
Taxation adjustment - 52
(1,387) (1,685)
Surplus 4,935 (11,159)
Statement of Financial Position
Opening capital 25,055 36,214
Surplus 4,935 (11,159)
Closing capital 29,990 25,055
Fixed assets 169 177
ING 5,397 4,667
State Street 24,779 20,321
Bank and sundry 171 93
Less:
Special purpose funds 136 -
Donations not uplifted 351 182
Accounts payable 21 21
29,990 25,055
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A full set of audited annual financial statements is available from the Executive Director, P.O. Box 365, Wanganui.