✨ Financial Statements Notes
2480 NEW ZEALAND GAZETTE, No. 93 2 AUGUST 2010
Notes to the financial statements
in New Zealand Dollars ($000’s)
- Financial instruments (continued)
Foreign currency exchange risk
The Group’s exposure to foreign currency risk can be summarized as follows:
| USD | AUD | EURO | |
|---|---|---|---|
| 2010 | |||
| Foreign currency risk | |||
| Investments | 91,876 | 88,481 | 3,872 |
| Net balance sheet exposure before hedging activity | 91,876 | 88,481 | 3,872 |
| Forward exchange contracts | |||
| Notional amounts | 16,843 | 62,352 | - |
| Net unhedged exposure | 75,233 | 26,129 | 3,872 |
| USD | AUD | EURO | |
|---|---|---|---|
| 2009 | |||
| Foreign currency risk | |||
| Investments | 39,469 | 46,428 | 4,258 |
| Net balance sheet exposure before hedging activity | 39,469 | 46,428 | 4,258 |
| Forward exchange contracts | |||
| Notional amounts | 12,300 | 35,471 | 2,000 |
| Net unhedged exposure | 27,169 | 10,957 | 2,258 |
The foreign currency risk of certain investments is managed within the fund. The Trust is unable to quantify the extent that this risk is managed.
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Canterbury Community Trust Financial Statements Notes
(continued from previous page)
💰 Finance & Revenue5 July 2010
Financial Instruments, Foreign Currency Risk, Investments, Hedging Activity, Forward Exchange Contracts, Canterbury Community Trust
NZ Gazette 2010, No 93