β¨ Financial Statements
5 AUGUST 2009
NEW ZEALAND GAZETTE, No. 113
2595
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2009
| | Average Exchange Rate | Foreign Currency | Contract Value | Fair Value |
| :--- | :---: | :---: | :---: | :---: | :---: | :---: | :---: | :---: |
| | 2009 | 2008 | 2009 | 2008 | 2009 | 2008 | 2009 | 2008 |
| Outstanding Contracts | | | '000 | '000 | NZ$'000 | NZ$'000 | NZ$'000 | NZ$'000 |
| Buy Canadian Dollars | | | | | | | | |
| Less than 3 months | 0.6637 | 0.7710 | 1,169 | 2,391 | 1,761 | 3,101 | 124 | 102 |
| Buy Swiss Franc | | | | | | | | |
| Less than 3 months | 0.6139 | 0.7905 | 900 | 1,962 | 1,467 | 2,482 | 70 | (75) |
| Buy Euro | | | | | | | | |
| Less than 3 months | 0.4017 | 0.5114 | 2,715 | 7,059 | 6,760 | 13,803 | 410 | (564) |
| Buy Great Britain Pounds | | | | | | | | |
| Less than 3 months | 0.3721 | 0.3897 | 1,408 | 2,954 | 3,783 | 7,581 | 228 | 59 |
| Buy Japanese Yen | | | | | | | | |
| Less than 3 months | 50.8100 | 78.5158 | 250,546 | 578,924 | 4,933 | 7,373 | 460 | (156) |
| Buy US Dollars | | | | | | | | |
| Less than 3 months | 0.5250 | 0.7759 | 11,850 | 26,512 | 22,593 | 34,157 | 1,726 | (13) |
| | | | | | | | | |
| Sell Japanese Yen | | | | | | | | |
| Less than 3 months | 51.8082 | 76.8503 | 4,507 | 44,685 | 87 | 581 | (6) | - |
| Sell Euro | | | | | | | | |
| Less than 3 months | 0.4067 | 0.4968 | 48 | 216 | 118 | 433 | (5) | 7 |
| Sell US Dollars | | | | | | | | |
| Less than 3 months | 0.5539 | 0.7929 | 632 | 714 | 1,142 | 900 | (29) | 20 |
| Sell Canadian Dollars | | | | | | | | |
| Less than 3 months | - | 0.7971 | - | 66 | - | 83 | - | - |
| Sell Swiss Franc | | | | | | | | |
| Less than 3 months | - | 0.7670 | - | 90 | - | 117 | - | - |
| Sell Great Britain Pounds | | | | | | | | |
| Less than 3 months | 0.3751 | 0.3926 | 26 | 111 | 70 | 283 | (3) | - |
| | | | | | 42,714 | 70,894 | 2,975 | (620) |
The Trust has entered contracts economically to hedge their investments denominated in foreign currency.
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Notes to Financial Statements of The Waikato Community Trust Incorporated
(continued from previous page)
π° Finance & RevenueFinancial Statements, Investment Policy, Asset Allocation, Risk Management, Trust Fund
NZ Gazette 2009, No 113