✨ Financial Statements Notes
5 AUGUST 2009 NEW ZEALAND GAZETTE, No. 113 2591
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2009
The Trust uses the services of an investment advisor to pursue an investment policy considered appropriate for the Trust. Due to the current conditions of financial markets, over the course of the year the Trust has reviewed, and will continue to review, its long term asset allocation. For much of the year, with actual achievement subject to some significant market movements and gradual transition to a new policy, the Trust has had a long term asset allocation of:
| Asset Class | Allocation |
|---|---|
| New Zealand Equities | 7.5 % |
| New Zealand Fixed Interest | 25.0 % |
| New Zealand Cash | 12.5 % |
| Global Fixed Interest (Fully Hedged) | 27.5 % |
| Global Equities (Fully Hedged) | 27.5 % |
| 100.0 % |
At 31 March 2009 the policy is to achieve a long term asset allocation of:
| Asset Class | Allocation |
|---|---|
| New Zealand Equities | 10.0 % |
| New Zealand Fixed Interest | 10.0 % |
| New Zealand Cash | 5.0 % |
| Global Fixed Interest (Fully Hedged) | 47.5 % |
| Global Equities (Fully Hedged) | 27.5 % |
| 100.0 % |
The Trust's actual asset allocation during the year has reflected the gradual transition from the old policy to the new.
Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial asset, financial liability and equity instrument are disclosed in note 1 to the financial statements.
The following table summarises the sensitivity of the Trust's financial assets and liabilities to interest rate risk, foreign exchange risk and equity price risk.
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NZ Gazette 2009, No 113
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Notes to Financial Statements of The Waikato Community Trust Incorporated
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💰 Finance & RevenueFinancial Statements, Investment Policy, Asset Allocation, Risk Management, Trust Fund