Capital management
Model Financial Statements: Te Motu Regional Economic Development Trust 2010/11
| NZ IAS 1.134 |
The Trust’s capital is its equity, which comprises Trust capital and retained surpluses. Equity is represented by net assets. |
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The Trust deed requires the Board of Trustees to manage its revenues, expenses, assets, liabilities, investments, and general financial dealings prudently. The Trust’s equity is largely managed as a by-product of managing revenues, expenses, assets, liabilities, investments, and general financial dealings. |
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The objective of managing the Trust’s equity is to ensure that the Trust effectively achieves its objectives and purpose, whilst remaining a going concern. |
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