✨ Financial Statements Notes
9 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 172 4889
ASB COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2011
The effect on the Group’s Statement of Comprehensive Income and Statement of Financial Position as at 31 March 2010, due to a possible change in market factors is represented in the following table:
| Sensitivity Range | Sensitivity Impact | |
|---|---|---|
| (-1 to +1 standard deviation | (from the expected | |
| from the expected annual | annual return) | |
| return) | $\000 | |
| ----------------------- | ------------------------------------------- | --------------------------------------- |
| NZ Equities | -9.5% to +28.5% | -10,152 to +30,455 |
| Global Equities | -6.0% to +26.0% | -23,877 to +103,468 |
| NZ Bonds | -1.0% to +13.0% | -1,026 to +13,348 |
| Global Bonds | -1.0% to +13.0% | -3,131 to +40,700 |
| NZ Cash | +2.0% to +6.0% | +912 to +2,737 |
| CCF’s | -11.0% to +27.0% | -5,737 to +14,081 |
| Global Property | -5.0% to +23.0% | -903 to +4,153 |
| Total Portfolio | -0.7% to +16.5% | -7,297 to +171,991 |
There is a 68% probability that the return in any one year will be within the range of -0.7% to 16.5%.
These sensitivity analyses are based on the volatility of each asset class and the portfolio as a whole, as measured by plus or minus one standard deviation. The overall effect of the Group’s diversified portfolio of uncorrelated financial assets is to reduce volatility and stabilise investment returns over time.
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NZ Gazette 2011, No 172
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ASB Community Trust Financial Statements Notes
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