Financial Statements of Waikato River Clean-Up Trust
for the period ended 30 June 2013
Restoring and protecting the health and wellbeing of the Waikato River
30
Statement of Changes in Equity
for the period ended 30 June 2013
Revaluation
Retained
Total
reserves
earnings
Equity
Balance as at 1 July 2011
- 113,825,068 113,825,068
Total comprehensive income for the period
Surplus/ (Deficit) for the period
-
11,219,157 11,219,157
Other comprehensive income
-
-
-
Total comprehensive income for the period
-
11,219,157 11,219,157
Balance as at 30 June 2012
- 125,044,225 125,044,225
Balance as at 1 July 2012
- 125,044,225 125,044,225
Total comprehensive income for the period
Surplus/ (Deficit) for the period
-
4,063,638 4,063,638
Other comprehensive income
208,860
-
208,860
Total comprehensive income
for the period
208,860 4,063,638 4,272,498
Balance at 30 June 2013
208,860 129,107,863 129,316,723
Statement of Cash Flows
for the period ended 30 June 2013
Note
2013
2012
Cash flows from operating activities
Cash provided from:
Settlement funds
8,333,000
7,000,000
Other funding
-
-
Capital gain on sale of investment
25,494
-
GST
239,986
-
Interest income received
1,271,946
916,859
Dividend income received
25,999
-
9,896,425
7,916,859
Cash applied to:
Payments to suppliers
(38,819)
-
Grant payments
(2,523,388)
(658,760)
Income tax (paid)/received
-
52,875
7,334,218
7,310,974
Net cash flows from operating activities
21 7,334,218
(7,310,974)
Cash flows from investing activities
Cash applied to:
Purchase of Investments
(10,838,591)
(2,302,014)
Purchase of fixed assets
-
-
(10,838,591)
(2,302,014)
Net cash flows from investing activities
(10,838,591)
(2,302,014)
Net increase/(decrease) in cash,
cash equivalents, and bank overdrafts
(3,504,373)
5,008,960
Cash, cash equivalents, and bank
overdrafts at the beginning of the year
5,028,801
19,841
Cash, cash equivalents, and bank
overdrafts at the end of the year
9 1,524,428
5,028,801
The accompanying notes form part of these financial statements.
