β¨ 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 | - |
Next Page →
β¨ LLM interpretation of page content
π°
ASB Community Trust Financial Statements
(continued from previous page)
π° Finance & Revenue30 May 2011
Financial Statements, ASB Community Trust, Financial Assets, Liabilities, Managed Funds
NZ Gazette 2011, No 172