✨ Financial Statements Notes




3348 NEW ZEALAND GAZETTE, No. 119 5 AUGUST 2011

THE WAIKATO COMMUNITY TRUST INCORPORATED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 March 2011


Property (note 10)

2011 2010
NZ'000 NZ'000
25,550

Denominated in the following currencies:
Australian dollar equivalents

2011
25,550

Alternatives (note 10)

2011 2010
NZ'000 NZ'000
1,851

Denominated in the following currencies:
Australian dollar equivalents

2011
1,851

Forward Foreign Exchange Contracts

The Trust manages its foreign exchange risk by using a separate currency overlay or investing in a hedged pool to cover 100% of its foreign currency exposures. Such forward exchange contracts have the economic effect of converting foreign currency denominated balances into New Zealand Dollars. These forward exchange contracts are not treated as hedges for accounting purposes.

The following table details the forward foreign currency contracts outstanding at reporting date.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 119





✨ LLM interpretation of page content

πŸ’° Notes to Financial Statements of the Waikato Community Trust (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Property, Alternatives, Foreign Exchange Contracts, Currency Overlay, Hedging, Accounting Policies