✨ Financial Statements Notes
13 AUGUST 2010 NEW ZEALAND GAZETTE, No. 101 2735
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2010
The Trust uses the services of an investment advisor to pursue an investment policy considered appropriate for the Trust. The Trust selects fund managers according to their style and specialist skills including the ability to protect capital in negative or down markets. In the year to 31 March 2010 the Trust has pursued the following interim asset allocation as it responded to the downturn in financial markets and changed some fund managers and asset allocations:
| Asset Class | Allocation |
|---|---|
| New Zealand Equities | 10.0% |
| New Zealand Fixed Interest | 10.0% |
| New Zealand Cash | 5.0% |
| Global Equities (Fully Hedged) | 27.5% |
| Global Fixed Interest (Fully Hedged) | 47.5% |
| Total | 100.0% |
In 2010 the Trust adopted and is now implementing the following strategic asset allocation:
| Asset Class | Allocation |
|---|---|
| New Zealand Equities | 15.0% |
| New Zealand Fixed Interest | 10.0% |
| New Zealand Cash | 5.0% |
| Global Equities (Fully Hedged) | 25.0% |
| Global Fixed Interest (Fully Hedged) | 25.0% |
| Property | 10.0% |
| Alternatives | 10.0% |
| Total | 100.0% |
Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial asset, financial liability and equity instrument are disclosed in note 1 to the financial statements.
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NZ Gazette 2010, No 101
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Financial Statements of the Waikato Community Trust
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🏢 State Enterprises & InsuranceFinancial Statements, Investment Allocation, Asset Management, Fund Managers, Strategic Planning