✨ 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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✨ LLM interpretation of page content
💰
Canterbury Community Trust Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial Instruments, Credit Risk, Liquidity Risk, Market Risk, Foreign Currency Risk, Interest Rate Risk, Investment Portfolio, Diversification
NZ Gazette 2011, No 116