New Zealand Gazette – 2012 – No. 103

Page 3002

✨ Financial Statements Notes

3002 NEW ZEALAND GAZETTE, No. 103 27 AUGUST 2012

Notes to the financial statements
in New Zealand Dollars ($000’s)

19 Financial instruments (continued)
Foreign currency exchange risk

The Group’s exposure to foreign currency risk can be summarised as follows:

	USD	AUD
2012
Foreign currency risk
Investments	35,433	23,582
Net balance sheet exposure before hedging activity	35,433	23,582

| Forward exchange contracts | | |
| Notional amounts | 11,132 | 5,121 |
| Net unhedged exposure | 24,301 | 18,461 |

	USD	AUD
2011
Foreign currency risk
Investments	51,487	96,489
Net balance sheet exposure before hedging activity	51,487	96,489

| Forward exchange contracts | | |
| Notional amounts | 18,431 | 30,568 |
| Net unhedged exposure | 33,056 | 65,921 |

The foreign currency risk of certain investments is managed within the fund. The Group is unable to quantify the extent that this risk is managed.

Interest rate risk - 2012

Interest rate risk at 31 March 2012 occurs in the following investments:

	Carrying amount $'000	Percentage covered by interest rate
New Zealand Cash	91,653	0%
New Zealand Fixed Interest	86,827	0%
Global Bonds	123,715	0%
Emerging Market Debt	21,923	0%
Total	324,123

Interest rate risk - 2011

Interest rate risk at 31 March 2011 occurs in the following investments:

	Carrying amount $'000	Percentage covered by interest rate
New Zealand Cash	89,363	0%
New Zealand Fixed Interest	133,471	0%
Global Bonds	57,715	0%
Emerging Market Debt	25,193	0%
Total	305,742

At 31 March 2012 the Group had no interest rate swaps (2011: none).

Gazette.govt.nz — NZ Gazette 2012, No 103

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Canterbury Community Trust Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
Dated2 July 2012
KeywordsFinancial instruments, Foreign currency risk, Interest rate risk, Investments, Forward exchange contracts

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