✨ Financial Statements
782 NEW ZEALAND GAZETTE, No. 29 10 MARCH 2009
19. FINANCIAL INSTRUMENTS (Cont.)
The following table details the Group’s sensitivity to certain risks as follows:
- Interest rate risk
- Foreign exchange
+/- movement in interest rates of 10% basis points
+/- movement in foreign exchange rates of 10% - Equity price risk
+/- in equity prices of 10%
| 31 March 2008 | 31 March 2007 | ||
|---|---|---|---|
| Net Surplus/(Deficit) | Net Surplus/(Deficit) | ||
| Total Funds Employed | Total Funds Employed | ||
| Interest Rate Risk | Interest Rate Risk | ||
| +1% | $3,596 | +1% | $3,210 |
| $3,596 | $3,210 | ||
| -1% | $3,596 | -1% | $3,210 |
| $3,596 | $3,210 | ||
| Foreign Exchange Risk | Foreign Exchange Risk | ||
| +10% | $5,362 | +10% | $8,068 |
| $5,362 | $8,068 | ||
| -10% | $(4,387) | -10% | $(6,601) |
| $(4,387) | $(6,601) | ||
| Equity Price Risk | Equity Price Risk | ||
| +10% | $7,495 | +10% | $9,423 |
| $7,495 | $9,423 | ||
| -10% | $(7,495) | -10% | $(9,423) |
| $(7,495) | $(9,423) |
The above sensitivity analysis has been prepared based on the following assumptions:
- The assets and liabilities as at year end remain the same throughout the ensuing year.
- Each of the sensitivities is performed in isolation.
- For the purposes of assessing foreign exchange risk, it has been assumed that the offshore equity investments held by the Trust are domiciled in the following currencies:
- US$ 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 29
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Financial Statements of The Community Trust of Southland
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💰 Finance & RevenueFinancial Statements, Community Trust, Southland, Capital Risk Management, Investment Strategy, Trust Funds, Grants Policy