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1997 Annual Report

FINANCIAL STATEMENTS

Statement of Financial Position for year ended 30 June 1997
1997 Budget $		Note	1997 Actual $	1996 Actual $
	Current Assets
10,000	Cash at Bank		41,044	43,390
100,000	Short Term Deposits		270,000	400,000
20,000	G.S.T Receivable		10,141	19,066
-	Sundry Debtors and Prepayments		11,139	2,239
130,000	Total Current Assets		332,324	464,695
402,000	Fixed Assets	4	396,367	404,166
$532,000	Total Assets		$728,691	$868,861
	Current Liabilities
125,000	Creditors and Accruals		112,821	139,105
	Equity
321,000	Accumulated Funds		529,708	643,594
86,000	Asset Revaluation Reserve		86,162	86,162
407,000	Total Equity		615,870	729,756
$532,000	Total Equity and Liabilities		$728,691	$868,861

 

Statement of Movements In Equity For Year ended 30 June 1997
	1997 $	1996 $
Equity at Start of period	729,756	642,754
Surplus (Deficit) for the Year	(113886)	87,002
Equity at end of period	$615,870	$729756

 

Statement of Cash Flows For the year ended June 30 1997
1997 Budget $		Note	1997 Actual $	1996 Actual $
	Cash Flows from Operating Activities
	Cash was provided from:
2,017,000	-Government Grant and Other Sources		2,042,415	2,042,342
47,000	-Interest		52,411	55,848
	Cash was disbursed to:
(2,332,000)	-Suppliers and Employees		(2,153,039)	(1,943,047)
(268,000)	Net Cash flows from Operating Activities	3	(58,213)	185,143
	Cash Flows from Investing Activities
	Cash was provided from:
-	- Sale of Fixed Assets		889	5,000
(300,000)	- Net Decrease in Bank Deposits	5	130,000	-
	Cash was applied to:
(65,000)	-Purchase of Fixed Assets		(75,022)	(87,845)
-	Net Increase in Bank Deposits	5	-	(100,000)
235,000	Net Cash Flows from Investing Activities		55,867	(182856)
(33,000)	Net Increase (Decrease) in Cash Flows		(2,346)	2,298
43,000	Add Opening Cash Balance		43,390	41,092
10,000	Closing Cash Balance carried forward		41,044	43,390

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Securities Commission, New Zealand

12th floor, Reserve Bank Building, 2 The Terrace, PO Box 1179 Wellington, New Zealand

+64 4 472 9830 phone +64 4 472 8076 fax

Inquiries to seccom@seccom.govt.nz