Page 15 - Biennial Report

BIENNIAL REPORT2018-2020

BALANCE SHEET
As at 31 March 2020 OHAKI Asset not currently included in the balance
OHAKI Valuation as at 2020 $808,873.49; 32% shareholding = $258,839.51
ACCOUNT 31 MAR 20 31 MAR 19 31 MAR 18
ASSESTS
BANK
ANZ Main Account $ 3 $ 9,046 $ 3,282
BNZ Account $ 3,703 $ 12,474 $ 5,286
BNZ On Call Account $ 0 $ 1,327 $ 1,326
Homestead Account $ 0 $ 924 $ 926
Taonga Tuku Iho $ 7,145 $ 7,247 $ 7,023
Aussie Whanau Account $ 1,081 $ 941 $ 0
TOTAL BANK $ 11,932 $ 31,958 $ 17,842
CURRENT ASSETS
Accounts Receivable $ 435 $ 217 $ 0
BNZ Term Deposit - 00001 $ 38,235 $ 37,133 $ 36,594
BNZ Term Deposit - 00002 $ 50,818 $ 49,977 $ 49,125
TOTAL CURRENT ASSETS $ 89,487 $ 87,327 $ 85,718
FIXED ASSETS
Buildings B/Fwd Cost $ 33,559 $ 33,559 $ 33,559
Furniture and Fittings B/Fwd Cost $ 3,585 $ 3,585 $ 3,585
Land B/Fwd Cost $ 53,000 $ 53,000 $ 53,000
TOTAL FIXED ASSETS $ 90,144 $ 90,144 $ 90,144
TOTAL ASSETS $ 191,563 $ 209,429 $ 193,704
LIABILITIES
CURRENT LIABILITIES
Accrued Payables $ 791 $ 791 $ 0
Bank Transfers $ (8.5) $ 0 $ 0
GST $ (804.8) $ 29 $ 0
Homestead Account $ 13 $ 0 $ 0
Opening Balance Tax $ 5,933 $ 5,933 $ (96)
Provision for Taxation $ 1,090 $ 1,090 $ 7,104.9
Rounding $ 0 $ 0 $ 0
RWT Paid $ (1,429) $ (596) $ (1,171)
Tax Refund $ 0 $ 0 $ (96)
TOTAL CURRENT LIABILITIES $ 5,585 $ 7,247 $ 5,933
TOTAL LIABILITIES $ 5,585 $ 7,247 $ 5,933
NET ASSETS $ 185,978 $ 202,181 $ 187,771

EQUITY
Current Year earnings $ 16,204 $ 14,410 $ 2,7480
Retained earnings $ 169,774 $ 187,771 $ 185,022
TOTAL EQUITY $ 185,978 $ 202,181 $ 187,771
Whanau Contributions Totals (Included in Equity Total)
NZ Whanau $ 2,271.34 $ 7,101.02 $ 2,990.00
Overseas Whanau $ 140.00 $ 941.00 $ 0
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