β¨ Financial Statements
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2010
| Outstanding Contracts | Average Exchange Rate | Foreign Currency | Contract Value | Fair Value | ||||
|---|---|---|---|---|---|---|---|---|
| 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | |
| '000 | '000 | NZ$'000 | NZ$'000 | NZ$'000 | NZ$'000 | |||
| Buy Canadian Dollars | ||||||||
| Less than 3 months | 0.7368 | 0.6637 | 2,203 | 1,169 | 2,992 | 1,761 | (77) | 124 |
| Buy Swiss Franc | ||||||||
| Less than 3 months | 0.7432 | 0.6139 | 1,640 | 900 | 2,207 | 1,467 | 3 | 70 |
| Buy Euro | ||||||||
| Less than 3 months | 0.5076 | 0.4017 | 5,390 | 2,715 | 10,620 | 6,760 | 311 | 410 |
| Buy Great Britain Pounds | ||||||||
| Less than 3 months | 0.4546 | 0.3721 | 2,754 | 1,408 | 6,061 | 3,783 | 157 | 228 |
| Buy Japanese Yen | ||||||||
| Less than 3 months | 64.0007 | 50.8100 | 420,768 | 250,546 | 6,580 | 4,933 | 212 | 460 |
| Buy US Dollars | ||||||||
| Less than 3 months | 0.7077 | 0.5250 | 22,187 | 11,850 | 31,371 | 22,593 | 11 | 1,726 |
| Sell Japanese Yen | ||||||||
| Less than 3 months | 61.9219 | 51.8082 | 11,084 | 4,507 | 179 | 87 | (11) | (6) |
| Sell Euro | ||||||||
| Less than 3 months | 0.5063 | 0.4067 | 112 | 48 | 222 | 118 | (7) | (5) |
| Sell US Dollars | ||||||||
| Less than 3 months | 0.6937 | 0.5539 | 211 | 632 | 304 | 1,142 | (6) | (29) |
| Sell Canadian Dollars | ||||||||
| Less than 3 months | 0.7471 | - | 19 | - | 26 | - | 1 | - |
| Sell Great Britain Pounds | ||||||||
| Less than 3 months | 0.4439 | 0.3751 | 27 | 26 | 60 | 70 | (4) | (3) |
| | | | | | 60,622 | 42,714 | 590 | 2,975 |
The Trust has entered contracts economically to hedge their investments denominated in foreign currency.
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π’
Financial Statements of the Waikato Community Trust
(continued from previous page)
π’ State Enterprises & InsuranceFinancial Statements, Investment Allocation, Asset Management, Fund Managers, Strategic Planning
NZ Gazette 2010, No 101