New Zealand Gazette – 2010 – No. 109

Page 2949

✨ Financial Statements

30 AUGUST 2010

NEW ZEALAND GAZETTE, No. 109

2949

THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO & FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ended 31 March, 2010

24. 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%

| | Interest Rate Risk | | Foreign Exchange Risk | | Equity Price Risk |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| | -1% | +1% | -10% | +10% | -10% | +10% |
| 31 March 2010 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 |
| Net Surplus/(Deficit) | $4,360 | $(4,360) | $4,756 | $(4,290) | $(7,301) | $7,301 |
| Total Funds Employed | $4,360 | $(4,360) | $4,756 | $(4,290) | $(7,301) | $7,301 |

| | Interest Rate Risk | | Foreign Exchange Risk | | Equity Price Risk |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| | -1% | +1% | -10% | +10% | -10% | +10% |
| 31 March 2009 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 |
| Net Surplus/(Deficit) | $4,096 | $(4,096) | $3,904 | $(3,194) | $(5,783) | $5,783 |
| Total Funds Employed | $4,096 | $(4,096) | $3,904 | $(3,194) | $(5,783) | $5,783 |

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.

Gazette.govt.nz — NZ Gazette 2010, No 109

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Financial Report of the Community Trust of Southland (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Instruments, Capital Risk Management, Investment Strategy, Asset Allocation, Grants Policy

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