✨ Financial Statements Sensitivity Analysis
ASB COMMUNITY TRUST
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2010
The effect on the Group’s Statement of Comprehensive Income and Statement of Financial Position as at 31 March 2009, due to a possible change in market factors is represented in the following table:
| | Sensitivity Range
| (-1 to +1 standard deviation
| from the expected annual
| return) | Sensitivity Impact
| (from the expected
| annual return)
| $\000 |
|---------------------------|---------------------------------------------------------|-----------------------------|
| NZ Equities | -7.8% to +26.3% | -6,584 to +22,117 |
| Global Equities | -6.6% to +23.8% | -17,730 to +63,935 |
| NZ Bonds | +3.0% to +9.6% | +3,925 to +12,560 |
| Global Bonds | +3.0% to +9.6% | +7,848 to +25,113 |
| NZ Cash | +4.2% to +7.2% | +1,818 to +3,116 |
| CCF’s | -10.2% to +25.8% | -2,424 to +6,131 |
| Global Property | -3.9% to +20.1% | -412 to +2,123 |
| Total Portfolio | +0.8% to +14.1% | +6,585 to +116,056 |
There is a 68% probability that the return in any one year will be within the range of 0.8% to 14.1%.
These sensitivity analyses are based on the volatility of each asset class and the portfolio as a whole, as measured by plus or minus one standard deviation. The overall effect of the Group’s diversified portfolio of uncorrelated financial assets is to reduce volatility and stabilise investment returns over time.
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NZ Gazette 2010, No 117
✨ LLM interpretation of page content
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ASB Community Trust Financial Statements
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💰 Finance & RevenueFinancial statements, Community Trusts, ASB Community Trust, Currency Risk, Pricing Risk, Sensitivity Analysis, Investment Portfolio