New Zealand Gazette – 2011 – No. 91

Page 2582

✨ Financial Statements

2582 NEW ZEALAND GAZETTE, No. 91 4 JULY 2011

EASTERN AND CENTRAL COMMUNITY TRUST INC

Sensitivity Analysis for Fixed Rate Instruments:

A change of 100 basis points (1%) in interest rates for the entire period reported would have increased (or decreased) profit or loss by the amounts shown. The analysis is performed on the same basis for 2010.

| Fixed Rate Instruments | Cash Flow Sensitivity
| 31 March 2011 $ | Cash Flow Sensitivity
| 31 March 2010 $ |
|------------------------------|-------------------------------|---------------------------------|
| 100 basis points increase | 641,524 | 559,539 |
| 100 basis points decrease | (641,524) | (559,539) |

Sensitivity Analysis for Variable Rate Instruments:

A change of 100 basis points (1%) in interest rates for the entire period reported would have increased (decreased) profit or loss by the amounts shown below. The analysis is performed on the same basis for 2010.

| Variable Rate Instruments | Cash Flow Sensitivity
| 31 March 2011 $ | Cash Flow Sensitivity
| 31 March 2010 $ |
|------------------------------|-------------------------------|---------------------------------|
| 100 basis points increase | 66,393 | 135,598 |
| 100 basis points decrease | (66,393) | (135,598) |

c) Pricing Risk

Pricing risk is the risk that the value of the instrument will fluctuate as a result of changes in market price (other than those arising from interest rate risk or currency risk), whether caused by factors specific to an individual investment, it’s issuers or all factors affecting all instruments traded in the market. As the majority of the funds’ financial instruments are carried at fair value with fair value changes recognised in the statement of comprehensive income, all changes in market conditions will directly affect investment income.

Price risk is managed by the Trust by constructing a diversified portfolio of instruments traded on various markets. The SIPO sets down the guidelines for this diversification.

The Trust’s financial assets are priced at fair value. The effect on the Trust’s statement of comprehensive income and balance sheet as at 31st March 2011, due to a possible change in market factors is represented in the following table:

| Financial Asset | Sensitivity Range
| (-1 to +1 Standard Deviations) | Sensitivity Impact $
| $,000 |
|------------------------------|-----------------------------------------|---------------------------------|
| NZ/Australian Equities | -11.0% to 27.5% | 3,007 to 7,616 |
| NZ Bonds | 2.7% to 12.8% | 1,385 to 6,658 |
| NZ Cash | 4.4% to 7.1% | 313 to 498 |
| Overseas Equities | -8.9% to 25.9% | -4,034 to 11,773 |
| Overseas Bonds | 3.4% to 12.6% | 422 to 1,588 |
| Property | -8.5% to 24.5% | -126 to 364 |
| Total Portfolio | -3.5% to 19.5% | 1,032 to 7,007 |

There is a 68% probability that the return in any one year will be within the range -3.5% to 19.5%.

Gazette.govt.nz — NZ Gazette 2011, No 91

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✨ LLM interpretation of page content

💰 Eastern and Central Community Trust Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Community Trusts, Eastern and Central, Revenue, Expenses, Profit, Investments, Bonds, Equities, Plant & Equipment, Cash, Donations, Reconciliation, Surplus, Cash Flows, Contingent Liabilities, Commitments, Lease, Financial Instruments, Risks, Credit Risk, Liquidity Risk, Market Risk, Currency Risk, Interest Rate Risk, Pricing Risks, Fair Value, Asset Allocation, Statement of Investment Policies and Objectives, SIPO, Corporate Bonds, Cash, Forward Foreign Exchange Contracts, Foreign Exchange Risk, NZ Dollars, Bank of New Zealand, Standard and Poor’s Rating, Australian Dollars, Euros, British Pounds, Japanese Yen, US Dollars, Buy Amount, Deal Rate, Valuation Rate, Gain/Loss, Liquidity Risk, Trade and Other Payables, Committed but Unpaid Donations, Sensitivity Analysis, Fixed Rate Instruments, Variable Rate Instruments, Cash Flow Sensitivity, Pricing Risk, NZ/Australian Equities, NZ Bonds, NZ Cash, Overseas Equities, Overseas Bonds, Property, Total Portfolio, Probability, Return

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