the Year Ended 31 March 1996 Income and Expenditure 1996$ 1995$ Income Interest227,950 235,050 Dividend1,231,786 739,500 1,459,736 974,550 Less Administration expenses72,260 69,113 Net operating income before donations1,387,476 905,437 Donations710,023 549,735 Operating surplus after donations677,453 355,702 Investment revaluation6,684,492 (4,374,229[teh]) Surplus for the year$7,361,945 ($4,018,527[teh]) Balance Sheet 1996$ 1995$ Trust funds Opening balance, 1 April24,930,417 28,948,944 Surplus for the year7,361,945 (4,018,527[teh]) Closing balance, 31 March$32,292,362 $24,930,417 Represented by Current Bank1,188,305 1,384,518 Other14,513 7,373 1,202,818 1,391,891 Less current liabilities50,877 219,956 1,151,941 1,171,935 Investment assets New Zealand investments29,977,325 23,134,408 Overseas investments1,163,096 624,074 $32,292,362 $24,930,417 This financial information has been extracted from the audited financial statements, which received an unqualified certificate. A full set of financial statements is available upon request, from the trust secretary, P.O. Box 97, Wanganui. Dated this 14th day of August 1996. Note: A list of the names of persons or organisations to whom distributions of income have been made by this community trust under section 21 of the Trustee Banks Restructuring Act 1988 in the financial year ending 31 March 1996 and the amounts distributed is available from the secretary of this trust. The address to contact is care of the secretary, Trust Bank Wanganui Community Trust Incorporated, P.O. Box 97, Wanganui.