✨ Financial Statements




9 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 172 4883

ASB COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2011

9. FINANCIAL ASSETS AND LIABILITIES

The Trust has the following financial assets and liabilities:

Financial Assets

Group Trust
2011 2010 2011 2010
$000 $000 $000 $000
Cash at Bank 7,062 7,459 7,062 7,459
Sundry Accounts Receivable 2,222 1,557 2,222 1,557

Managed Funds consisting of:
| Global Equity Funds | 426,725 | 397,958 | 426,725 | 397,958 |
| Global Bond Funds | 221,124 | 313,077 | 221,124 | 313,077 |
| Collateralised Commodities Futures Fund | 63,490 | 52,152 | 63,490 | 52,152 |
| Global Property Fund | 20,424 | 18,056 | 20,424 | 18,056 |
| Emerging Markets Equity Fund | 56,795 | - | 56,795 | - |
| Hedge Funds | 166,405 | - | 166,405 | - |
| New Zealand Equities | - | 106,858 | - | 106,858 |
| New Zealand Bonds | 96,793 | 102,675 | 96,793 | 102,675 |
| New Zealand Infrastructure Fund | 1,259 | - | 1,259 | - |
| Cash | 44,064 | 45,615 | 44,064 | 45,615 |
| Forward Exchange Contracts | 8,054 | 5,977 | 8,054 | 5,977 |
| Total Managed Funds| 1,105,133 | 1,042,368 | 1,105,133 | 1,042,368 |

Apart from investments in infrastructure funds, hedge funds and the Collateralised Commodities Futures Fund, these financial assets are valued at fair value on the basis of Level 1 (quoted prices, unadjusted, in active markets for identical assets).

Investments in the Collateralised Commodities Futures Fund are valued on the basis of Level 2 (value derived from referenced individual commodity futures).

Group Trust
2011 2010 2011 2010
$000 $000 $000 $000
Collateralised Commodities Futures Fund
Additions to Level 2 63,490 - 63,490 -
Balance at 31 March 63,490 - 63,490 -


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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 172





✨ LLM interpretation of page content

πŸ’° ASB Community Trust Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
30 May 2011
Financial Statements, ASB Community Trust, Financial Assets, Liabilities, Managed Funds