1. Basis of preparation
The summary financial statements of St John of God Hauora Trust (the Trust) for the year ended 30 June 2017 have been extracted from the full financial statements. No information extracted from the full financial statements has been restated or reclassified.
The full financial statements of the Trust have been prepared in accordance with Tier 2 Public Benefit Entity (PBE) standards and disclosure concessions have been applied on the basis the Trust does not have public accountability and is not large.
The summary financial statements are presented in New Zealand dollars and are rounded to the nearest thousand dollars and were approved on behalf of the full Trust board by two trustees on 30 August 2017.
The summary financial statements do not include all disclosures provided in the full financial statements and cannot be expected to provide as complete an understanding as provided by the full financial statements of the financial performance and financial position of the Trust. The full set of financial statements may be obtained from Warren Murphy CA, National Manager Finance and Procurement: warren.murphy@sjog.org.nz.
2. Nature of audit opinion
The Annual Financial Statements of St John of God Hauora Trust have been audited and an unqualified audit opinion was issued on 30 August 2017.
3. Contingent liabilities
There are no contingent liabilities {2016: none).
4. Capital commitments
There is a capital commitment to undertake seismic strengthening and refurbishment at St John of God Karori amounting to $1.992M from which $1M will be funded from reserves and the balance from a bank loan (2016: $266,188).
5. Events occurring after balance date
There are no significant events that have occurred after balance date.
Approved by two trustees on behalf of the full trust board 30 August 2017.