New Zealand Gazette – 2007 – No. 87

Page 2280

✨ Financial Statements and Donations

2280 NEW ZEALAND GAZETTE, No. 87 2 AUGUST 2007

These are denominated in the following currencies:

| | 2007
$'000 | 2006
$'000 |
| --- | --- |
| Australian dollar equivalents | 1,881 | 1,091 |
| Canadian dollar equivalents | 4,256 | 2,806 |
| Danish krona equivalents | 602 | 192 |
| Euro equivalents | 31,406 | 23,705 |
| Great Britain pound equivalents | 12,501 | 22,231 |
| Hong Kong dollar equivalents | 582 | 512 |
| Japanese yen equivalents | 20,317 | 6,921 |
| New Zealand dollars | 111,135 | 104,248 |
| Norwegian kroner equivalents | 380 | 327 |
| Poland zloty equivalents | 111 | 469 |
| Singapore dollar equivalents | 438 | 362 |
| South Korea dollar equivalents | 553 | 1,395 |
| Swedish krona equivalents | 869 | 789 |
| Swiss franc equivalents | 2,362 | 2,217 |
| United States dollar equivalents | 60,501 | 68,864 |
| Other equivalents | – | (21) |
| Total | 247,894 | 236,108 |

Trust policy is to hedge exposure on fluctuations in foreign exchange on 100% of global fixed interest investments and global equity investments. At 31 March 2007, the trust’s investment managers had forward exchange contracts in accordance with this policy.

The market value of the New Zealand cover is $74,747,741 (nominal value – $72,678,466). This cover is only for global equity investments. The market value of the cover at balance date accounts for 101% of funds held in global equities. At balance date, global fixed interest investments were held by a New Zealand investment manager. No undisclosed credit risk exists.

Credit Risk

Financial instruments which potentially subject the society to credit risk principally consist of bank balances, accounts receivable and investments.

14. Donations

On 30 September 2006, the Waikato Times published a list totalling $8,592,010, which showed all of the donations approved by the trust from the period 1 April 2006 to 30 September 2006.

In the period from 30 September 2006 to 31 March 2007, the trust has also paid, committed or withdrawn the following donations:

	$
Total donations published in the Waikato Times on 30 September 2006	8,592,010
Diocese of Waikato – Te Rau Aroha Camp	10,000
Eastern Waikato Netball	6,000
Forest Lake Playcentre	(20,000)
Hamilton Chinese Learning Centre Charitable Trust	5,000
Hamilton Combined Christian Foodbank Trust	14,050
Hamilton Multicultural Centre	3,500
Hauraki Maori Trust Board	3,500
Indigo Trust	7,000
K’Aute Pasifika	3,500
Kirikiriroa Maori Wardens Association	4,000
Lochiel/Narrows Golf Club	(10,000)
Maniapoto Marae Pact Trust	3,500
Mighty River Harmony	1,000
Ministry of Social Development	4,250
Moana Rahui o Aotea Society Inc	(15,000)
Muscular Dystrophy Association of New Zealand Inc	(50,000)
Parenting with Confidence	(896)
Raglan Community Radio	(250)
Raukawa Trust Board	3,500
South Waikato District Council	25,000
Te Awamutu Intermediate PTA	3,500
Te Awamutu YMI and Youth Centre	5,000
Te Kuiti Youth Centre	6,000
Te Reo Irirangi o Tainui Trust	(10,000)
Te Runanga o Kirikiriroa	3,500