New Zealand Gazette – 2011 – No. 119

Page 3349

✨ Financial Statements

5 AUGUST 2011 NEW ZEALAND GAZETTE, No. 119 3349

THE WAIKATO COMMUNITY TRUST INCORPORATED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 March 2011

Outstanding Contracts	Average Exchange Rate 2011	Average Exchange Rate 2010	Foreign Currency '000 2011	Foreign Currency '000 2010	Contract Value NZ$'000 2011	Contract Value NZ$'000 2010	Fair Value NZ$'000 2011	Fair Value NZ$'000 2010
Buy Canadian Dollars
Less than 3 months	-	0.7368	-	2,203	-	2,992	-	(77)
Buy Swiss Franc
Less than 3 months	-	0.7432	-	1,640	-	2,207	-	3
Buy Euro
Less than 3 months	-	0.5076	-	5,390	-	10,620	-	311
Buy Great Britain Pounds
Less than 3 months	-	0.4546	-	2,754	-	6,061	-	157
Buy Japanese Yen
Less than 3 months	-	64.0007	-	420,768	-	6,580	-	212
Buy US Dollars
Less than 3 months	-	0.7077	-	22,187	-	31,371	-	11
Buy Australian Dollars
Less than 3 months	0.7417	-	4	-	5	-	-	-

Sell Japanese Yen
Less than 3 months	62.8135	61.9219	156,202	11,084	2,487	179	7	(11)
Sell Euro
Less than 3 months	0.5598	0.5063	2,694	112	4,813	222	(211)	(7)
Sell US Dollars
Less than 3 months	0.7710	0.6937	9,791	211	12,696	304	(184)	(6)
Sell Canadian Dollars
Less than 3 months	0.7665	0.7471	1,008	19	1,315	26	(46)	1
Sell Great Britain Pounds
Less than 3 months	0.4780	0.4439	1,135	27	2,373	60	(18)	(4)
Sell Australian Dollars
Less than 3 months	0.7724	-	25,081	-	19,373	-	(1,098)	-
					43,062	60,622	(1,550)	590

The Trust has entered into contracts economically to hedge their investments denominated in foreign currency.

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

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✨ LLM interpretation of page content

💰 Notes to Financial Statements of the Waikato Community Trust (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Property, Alternatives, Foreign Exchange Contracts, Currency Overlay, Hedging, Accounting Policies

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