Financial Statements




2 AUGUST 2011 NEW ZEALAND GAZETTE, No. 116 3243

Financial Statements

Notes to the financial statements (In New Zealand Dollars ($000’s))

18 Financial instruments (continued)

Derivatives Investments
2,862 471,435 537,630 311,519 8,495 39,092
Total 479,376 545,990 315,465 8,788 39,675

Foreign currency exchange risk

The Group’s exposure to foreign currency risk can be summarised as follows:

USD AUD

2011

Foreign currency risk

| Investments | 51,487 | 96,489 |
| Net balance sheet exposure before hedging activity | 51,487 | 96,489 |

Forward exchange contracts

| Notional amounts | 18,431 | 30,568 |
| Net unhedged exposure | 33,056 | 65,921 |

2010

Foreign currency risk

| Investments | 91,876 | 88,481 |
| Net balance sheet exposure before hedging activity | 91,876 | 88,481 |

Forward exchange contracts

| Notional amounts | 16,643 | 62,352 |
| Net unhedged exposure | 75,233 | 26,129 |

The foreign currency risk of certain investments is managed within the fund. The Group is unable to quantify the extent that this risk is managed.

Interest rate risk - 2011

Interest rate risk at 31 March 2011 occurs in the following investments:

Carrying amount $'000 Percentage covered by interest rate swaps
New Zealand Cash 89,363 -
New Zealand Fixed Interest 133,471 -
Global Bonds 57,715 -
Emerging Market Debt 25,193 -
Total 305,742 -

Interest rate risk - 2010



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 116





✨ LLM interpretation of page content

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

💰 Finance & Revenue
Financial Instruments, Credit Risk, Liquidity Risk, Market Risk, Foreign Currency Risk, Interest Rate Risk, Investment Portfolio, Diversification