✨ 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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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2009, No 113





✨ LLM interpretation of page content

πŸ’° Notes to Financial Statements of The Waikato Community Trust Incorporated (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Investment Policy, Asset Allocation, Risk Management, Trust Fund