Pro-forma accounts under Trustee Act
I. PRO-FORMA BALANCE SHEET
Fixed Interest investments Shs'000
(detailed) 2,120
Cash at bank 900 3,020
Wider range investments
(detailed) 5,450
Cash at bank 550 6,000
Special range investments
(detailed) 500
Cash at bank
(income) 30
9,550
Estate Capital account
Fixed interest range 3,020
Wider range 6,000
Special range 500
9,520
Estate Income account 30
9,550
II. PRO-FORMA ESTATE CAPITAL ACCOUNT
Fixed Wider Special Fixed Wider Special
Interest Interest
Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Shs'000
Contra Bal b/f 4,800 5,300 1,100
(transfer of
Special Range
realisation Investment
proceeds Account
equally to
fixed interest (profit on
and Wider disposal of
Range) 700 Special Range
investments) 100
Investment
Account Contra
(loss on (transfer of
disposal of Special Range
fixed Interest realisation
Range proceeds
Investments) 40 equally
to Fixed
Interest
and Wider
Range 350 350
Distribution Investment
Account Accounts
Accounts
(distribution of proceeds (revaluation of
of realisation investments in
Fixed Interest order to
Investments ascertain share
to person attribute
absolutely to beneficiary
entitled) 2,380 absolutely
Bal.c/d 3,020 6,000 500 entitled) 290 350
5,440 6,000 1,200 5,440 6,000 1,200
Bal.b/d 3,020 6,000 500
III. PRO-FORMA ESTATE CASH BOOK
Fixed Wider Income Fixed Wider Income
Interest Interest
Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Shs'000
Balance b/f 100 200 50 Estate
Income a/c
(payment on
account to
Investment a/c life tenants) 620
(realisation of
Special Range Distribution a/c
Investments to
be re-invested (payment of
equally in capital due to
Fixed Interest beneficiary
and Wider absolutely
Range) 350 350 entitled) 2,380
Investment a/c
(income Bal.c/d 90 550 30
received on
Fixed Interest
and Wider
Range
Investments) 600
Investment a/c
(disposal of
Fixed Interest
investment) 2,020
2,470 550 650 2,470 550 650
Bal.b/d 90 550 30