β¨ Financial Statements
2594 NEW ZEALAND GAZETTE, No. 113 5 AUGUST 2009
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2009
| 2009 NZ$'000 | 2008 NZ$'000 | |
|---|---|---|
| NZ Equities and Cash (note 11) | ||
| Denominated in the following currencies: | ||
| New Zealand dollars | 13,168 | 17,540 |
| 13,168 | 17,540 |
| 2009 NZ$'000 | 2008 NZ$'000 | |
|---|---|---|
| Global Fixed Interest (note 11) | 70,378 | 71,219 |
| Denominated in the following currencies: | ||
| Australian dollar equivalents | 1,098 | 3,084 |
| Canadian dollar equivalents | 2,372 | 1,803 |
| Danish krona equivalents | - | 256 |
| Euro equivalents | 30,481 | 23,908 |
| Great Britain pound equivalents | 6,848 | 9,130 |
| Japanese yen equivalents | 10,500 | 12,727 |
| Poland zloty equivalents | - | 128 |
| Swedish krona equivalents | 640 | - |
| United States dollar equivalents | 18,439 | 20,183 |
| 70,378 | 71,219 |
Forward Foreign Exchange Contracts
The Trust manages its foreign exchange risk by using forward exchange contracts to cover 100% of its foreign currency exposures. Such forward exchange contracts have the economic effect of converting foreign currency denominated balances into New Zealand Dollars. These forward exchange contracts are not treated as hedges for accounting purposes.
The following table details the forward foreign currency contracts outstanding at reporting date.
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Notes to Financial Statements of The Waikato Community Trust Incorporated
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π° Finance & RevenueFinancial Statements, Investment Policy, Asset Allocation, Risk Management, Trust Fund
NZ Gazette 2009, No 113