Financial Statements Notes




2480 NEW ZEALAND GAZETTE, No. 93 2 AUGUST 2010

Notes to the financial statements

in New Zealand Dollars ($000’s)

  1. 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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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2010, No 93





✨ LLM interpretation of page content

💰 Canterbury Community Trust Financial Statements Notes (continued from previous page)

💰 Finance & Revenue
5 July 2010
Financial Instruments, Foreign Currency Risk, Investments, Hedging Activity, Forward Exchange Contracts, Canterbury Community Trust