CAWTHRON INSTITUTE TRUST BOARD

Publication of Disclosures

The CAWTHRON INSTITUTE TRUST BOARD is a charitable trust established in accordance with the Thomas Cawthron Trust Act 1924 to oversee the Cawthron Institute.

Pursuant to section 14(3) of the Thomas Cawthron Trust Act 1924, the annual balance sheet and statement of accounts for the CAWTHRON INSTITUTE TRUST BOARD are hereby notified as follows:

Financial Performance for the year ended 30 June 2016
2015 $000s Per Audited Accounts		2016 $000s Per Audited Accounts
24,507	Income from research contracts, analytical services, consultancy and other scientific projects, lease income and other income	24,957
23,889	Expenses including depreciation	24,161
618	Net operating surplus	796
51	Enterprising Partnership Fund income	56
-	Divestment	-
669	Net surplus	852
(138)	Community initiatives	(157)
(8)	Bequests movement	(12)
523	Trust Surplus	683
Financial Position as at 30 June 2016
2015 $000s Per Audited Accounts		2016 $000s Per Audited Accounts
	The Institute’s Trust Capital is represented by:
1,756	Trust capital	1,756
151	Special bequests	192
440	Trust investment funds	440
5,315	Reserves and provisions	5,315
13,618	Accumulated funds	14,119
21,280	Total Trust Capital	21,822
	Trust Capital funds the following Net Assets:
(311)	Working capital	(525)
22,718	Fixed assets and long term assets	22,536
(1,567)	Long term liabilities	(629)
440	Trust investments	440
21,280	Total Net Assets	21,822
Movement in Equity for the year ended 30 June 2016
2015 $000s Per Audited Accounts		2016 $000s Per Audited Accounts
20,855	Opening balance	21,280
523	Trust Surplus	683
(123)	Trust Board Distribution	(153)
	Revaluation of assets
25	Bequests movement	12
21,280	Closing Balance	21,822

R. DICKINSON, Chairman.

Audited by Crowe Horwath New Zealand Audit Partnership.

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