✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2012
16. MANAGED FUNDS (Cont'd)
The fair value of the Managed Funds investments as at 31 March 2012 was as follows:
| Group & Parent | AMP Capital $000 | Capital International $000 | Direct Capital $000 | First NZ Capital $000 | Franklin Templeton $000 | PIMCO $000 | Tyndall Investment $000 | Total $000 |
|---|---|---|---|---|---|---|---|---|
| Australasian Equities | 15,944 | 695 | 15,693 | 32,332 | ||||
| Overseas Equities | 13,391 | 15,137 | 28,528 | |||||
| NZ Fixed Interest | 45,296 | 45,296 | ||||||
| Overseas Fixed Interest | 53,882 | 48,840 | 53,882 | |||||
| Property Equities | 6,479 | 6,479 | ||||||
| Foreign Exchange contracts | 701 | 701 | ||||||
| Unsettled Trades | 79 | 79 | ||||||
| Cash | 175 | 102 | 2,764 | 3,041 | ||||
| Total | 16,119 | 13,391 | 695 | 22,274 | 15,137 | 53,882 | 48,840 | 170,338 |
The fair value of the Managed Funds investments as at 31 March 2011 was as follows:
| Group & Parent | AMP Capital $000 | Capital International $000 | Direct Capital $000 | First NZ Capital $000 | Franklin Templeton $000 | PIMCO $000 | Tyndall Investment $000 | Total $000 |
|---|---|---|---|---|---|---|---|---|
| Australasian Equities | 16,777 | 389 | 18,315 | 35,481 | ||||
| Overseas Equities | 14,436 | 16,785 | 31,221 | |||||
| NZ Fixed Interest | 42,200 | 42,200 | ||||||
| Overseas Fixed Interest | 42,781 | 51,004 | 42,781 | |||||
| Property Equities | 6,271 | 6,271 | ||||||
| Foreign Exchange contracts | (1,267) | (1,267) | ||||||
| Unsettled Trades | 106 | (368) | ||||||
| Cash | 201 | 135 | 9,751 | 9,965 | 20,052 | |||
| Total | 16,978 | 14,436 | 389 | 24,721 | 16,785 | 52,058 | 51,004 | 176,371 |
Exposure to currency, interest rate and credit risk arises in the normal course of the Fund Managers management of the Managed Funds. A range of hedging policies are in place whereby the Fund Managers use derivative financial instruments as a means of managing exposure to fluctuations in foreign exchange rates and interest rates. While these financial instruments are subject to the risk of market rates changing subsequent to acquisition, such changes would generally be offset by opposite effects and the items being hedged.
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NZ Gazette 2012, No 105
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Financial Report of the Community Trust of Southland
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💰 Finance & RevenueFinancial Report, Community Trust, Southland, 2012, Statements, Notes, Audit, Accounting Policies, Interest