✨ Financial Statements
3028 NEW ZEALAND GAZETTE, No. 130 2 SEPTEMBER 2009
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2009
18. FINANCIAL INSTRUMENTS (Cont.)
The following table details the Group’s sensitivity to certain risks as follows:
- Interest rate risk +/– movement in interest rates of 100 basis points
- Foreign exchange +/– movement in foreign exchange rates of 10%
- Equity price risk +/– in equity prices of 10%
| 31 March 2009 | Interest Rate Risk | Foreign Exchange Risk | Equity Price Risk |
|---|---|---|---|
| -1% | +1% | -10% | |
| Net Surplus/(Deficit) | $4,096 | $(4,096) | $3,904 |
| Total Funds Employed | $4,096 | $(4,096) | $3,904 |
| 31 March 2008 | Interest Rate Risk | Foreign Exchange Risk | Equity Price Risk |
|---|---|---|---|
| -1% | +1% | -10% | |
| Net Surplus/(Deficit) | $3,596 | $(3,596) | $5,362 |
| Total Funds Employed | $3,596 | $(3,596) | $5,362 |
The above sensitivity analysis has been prepared based on the following assumptions:
-
The assets and liabilities as at year end remain the same throughout the ensuing year.
-
Each of the sensitivities is performed in isolation.
-
For the purposes of assessing foreign exchange risk, it has been assumed that the offshore equity investments held by the Trust are domiciled in the following currencies:
- US$ 50%
- Euros 30%
- Yen 20%
The Trust’s offshore fixed interest investments are fully hedged, and therefore no foreign exchange risk exists in respect of those investments.
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NZ Gazette 2009, No 130
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Community Trust of Southland Financial Statements
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💰 Finance & RevenueCommunity Trust, Southland, Financial Statements, Key Management Personnel, Financial Instruments, Risk Management, Market Risk, Interest Rate Risk, Currency Risk, Equity Price Risk, Credit Risk, Liquidity Risk