✨ Financial Statements Notes




Notes to the financial statements (continued)

in New Zealand Dollars ($000's)

13 Financial instruments (continued)

Liquidity risk

The following table sets out the contractual cash flows for all financial assets, liabilities and for derivatives that are settled on a gross cash flow basis:

Trust 2009 Balance sheet Contractual cash flows 0 months or less 6-12 months 1-2 years 2-5 years More than 5 years
Trade and other payables 306 306 306
Total non-derivative liabilities 306 306

| Investments | 109,304 | | | | | | |
| Loans | 187 | 187 | 187 | 42 | 37 | 67 | 41 |
| Total non-derivative assets | | | | | | | |

| Trust 2008 |
|---------------------------|---------------|------------------------|------------------|-------------|-----------|-----------|------------------|
| Trade and other payables | 320 | 320 | 320 | | | | |
| Total non-derivative liabilities | | 320 | 320 | | | | |

| Investments | 131,471 | | | | | | |
| Loans | 234 | 234 | 234 | 38 | | 65 | 93 |
| Total non-derivative assets |

Global bonds, equities and property are investments denominated in foreign currencies. These are hedged to New Zealand dollars within the fund by way of foreign exchange contracts.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2009, No 122





✨ LLM interpretation of page content

πŸ’° BayTrust Annual Report for 2008-2009 (continued from previous page)

πŸ’° Finance & Revenue
9 July 2009
Financial Instruments, Liquidity Risk, Contractual Cash Flows, Investments, Loans