✨ Financial Statements
2562 NEW ZEALAND GAZETTE, No. 96 6 AUGUST 2010
TSB Community Trust
Notes to the Financial Statements
For the year ended 31 March 2010
- Related Parties continued
| 2010 | 2009 | |
|---|---|---|
| $ | $ | |
| Key Management Compensation | ||
| Short term employees benefits | 202,152 | 180,959 |
| Short term trustee benefits | 80,221 | 85,746 |
| 282,373 | 266,705 |
There were no long term benefits associated with key employees or trustees.
- Financial Instruments
Exposure to interest rate, credit, and liquidity risks arise in the normal course of the Trust’s business.
Market Risk
Interest Rate Risk
Interest rate risk is the risk that the value of the Trust’s assets and liabilities will fluctuate due to changes in market interest rates. The Trust is exposed to interest rate risk primarily through its cash balances and investments.
Liquidity and Interest Rate Risk
Liquidity risk is the risk that the Trust will encounter difficulty in raising funds at short notice to meet its financial commitments as they fall due.
The Trust’s policy for management of liquidity and interest rate risk is to vary the amount and duration of its investments, taking into consideration the grant cycles and operational needs of the Trust. The Trust manages its risk by monitoring investments on an ongoing basis.
The following tables detail the remaining contractual maturity for the Trust’s non derivative financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Trust can be required to pay. The table includes both interest and principal cash flows.
| 0-6 Months | 6-12 Months | 1-2 Years | 2-5 Years | Over 5 Years | Total | |
|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | $ | |
| 2010 | ||||||
| Financial liabilities | ||||||
| Payables | (1,437,966) | - | - | - | - | (1,437,966) |
| Total financial liabilities | (1,437,966) | - | - | - | - | (1,437,966) |
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NZ Gazette 2010, No 96
✨ LLM interpretation of page content
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TSB Community Trust Financial Statements
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💰 Finance & Revenue29 June 2010
Financial Statements, Community Trusts, TSB Community Trust, Related Parties, Key Management Compensation, Financial Instruments, Market Risk, Interest Rate Risk, Liquidity Risk