Consolidated Financial Statements for the Year Ended
31 March 2008
$ $
000 000
2008 2007
Statement of Financial Performance
Income from investments (1,557) 2,399
Rent 24 12
Other 6 0
(1,527) 2,411
Less:
Administration expenses 250 260
Investment management fees 63 47
Donations and community support 1,225 1,386
1,538 1,693
Surplus (3,065) 718
Statement of Financial Position
Opening capital 37,737 36,592
Surplus (3,065) 718
Revaluation – 427
Closing capital 34,672 37,737
Fixed assets 618 616
Fixed interest 10,987 8,017
State street 23,015 28,135
Sundry 880 2,138
Less:
Special purpose funds 92 95
Donations not uplifted 698 1,032
Accounts payable 38 42
34,672 37,737
A full set of audited annual financial statements is available from the Chief Executive, PO Box 365, Wanganui.