✨ Financial Statements




13 AUGUST 2010 NEW ZEALAND GAZETTE, No. 101 2737

THE WAIKATO COMMUNITY TRUST INCORPORATED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 March 2010

| | 2010
NZ$'000 | 2009
NZ$'000 |
|----------------------|----------------------|
| NZ Equities (note 10) | |
| | 25,294 | 13,168 |
| Denominated in the following currencies: | |
| New Zealand dollars | 21,963 | 13,168 |
| Australian dollars | 3,331 | - |
| | 25,294 | 13,168 |

| Global Fixed Interest (note 10) | 101,835 | 70,378 |
| Denominated in the following currencies: | |
| Australian dollar equivalents | 3,780 | 1,098 |
| Brazilian real equivalents | 146 | - |
| Canadian dollar equivalents | 7,085 | 2,372 |
| Chinese yuan equivalents | 450 | - |
| Danish krone equivalents | 127 | - |
| Euro equivalents | 35,477 | 30,481 |
| Great Britain pound equivalents | 2,958 | 6,848 |
| Hong Kong dollar equivalents | 59 | - |
| Indian rupee equivalents | 202 | - |
| Indonesian rupiah | 26 | - |
| Japanese yen equivalents | 10,444 | 10,500 |
| Malaysian ringgit equivalents| 33 | - |
| New Zealand dollars | 3,889 | - |
| Norwegian krone equivalents | 273 | - |
| Philippine peso equivalents | 75 | - |
| Singapore dollar equivalents | 198 | - |
| South Korean won equivalents | 276 | - |
| Swedish krona equivalents | 247 | 640 |
| Swiss franc equivalents | 172 | - |
| Taiwan dollar equivalents | 179 | - |
| United States dollar equivalents | 35,739 | 18,439 |
| | 101,835 | 70,378 |

Forward Foreign Exchange Contracts

The Trust manages its foreign exchange risk by using forward exchange contracts to cover 100% of its foreign currency exposures. Such forward exchange contracts have the economic effect of converting foreign currency denominated balances into New Zealand Dollars. These forward exchange contracts are not treated as hedges for accounting purposes.

The following table details the forward foreign currency contracts outstanding at reporting date.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2010, No 101





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