Consolidated Financial Statements for the Year Ended
31 March 2007
$ $
000 000
2007 2006
Statement of Financial Performance
Income from investments 2,399 8,405
Rent 12 24
Other 0 21
2,411 8,450
Less:
Administration expenses 260 295
Investment management fees 47 65
Donations and community support 1,386 2,385
1,693 2,745
Surplus 718 5,705
Statement of Financial Position
Opening capital 36,592 30,887
Surplus 718 5,705
Revaluation 427
Closing capital 37,737 36,592
Fixed assets 616 164
Fixed interest 8,017 4,757
State street 28,135 31,222
Sundry 2,138 2,030
Less:
Special purpose funds 95 108
Donations not uplifted 1,032 1,435
Accounts payable 42 38
37,737 36,592
A full set of audited annual financial statements is available from the Chief Executive, PO Box 365, Wanganui.