✨ Financial Statements
TSB Community Trust
Notes to the Financial Statements
For the year ended 31 March 2013
13. Financial Instruments (continued)
Liquidity Risk
Liquidity risk is the risk that the Trust will encounter difficulty in raising funds at short notice to meet its financial commitments as they fall due.
The Trust’s policy for management of liquidity and interest rate risk is to vary the amount and duration of its investments, taking into consideration the grant cycles and operational needs of the Trust. The Trust manages its risk by monitoring investments on an ongoing basis.
The following tables detail the remaining contractual maturity for the Trust’s non derivative financial assets and liabilities. The tables have been drawn up based on the undiscounted cash flows of financial assets and liabilities on the earliest date on which the Trust can expect to receive cash inflows or outflows. The table includes both interest and principal cash flows.
| 2013 | Effective Interest Rate % | Less than 1 Year $ | 1 - 5 Years $ | Total $ |
|---|---|---|---|---|
| Financial assets | ||||
| Cash | 2.75 - 4% | 2,724,936 | - | 2,724,936 |
| Investments | 3.25 - 5.7% | 11,495,000 | 3,250,000 | 14,745,000 |
| Receivables | 7,675,500 | - | 7,675,500 | |
| Total financial assets | 21,895,436 | 3,250,000 | 25,145,436 |
| Financial liabilities | | | | |
| Payables | | 4,530,050 | - | 4,530,050 |
| Total financial liabilities| | 4,530,050 | - | 4,530,050 |
| 2012 | Effective Interest Rate % | Less than 1 Year $ | 1 - 5 Years $ | Total $ |
|---|---|---|---|---|
| Financial assets | ||||
| Cash | 2.75 - 4% | 422,522 | - | 422,522 |
| Investments | 3.85 - 5.7% | 9,530,000 | 2,465,000 | 11,995,000 |
| Receivables | 7,371,996 | - | 7,371,996 | |
| Total financial assets | 17,324,518 | 2,465,000 | 19,789,518 |
| Financial liabilities | | | | |
| Payables | | 40,691 | - | 40,691 |
| Total financial liabilities| | 40,691 | - | 40,691 |
Next Page →
NZ Gazette 2013, No 101
✨ LLM interpretation of page content
🏢
TSB Community Trust Financial Statements
(continued from previous page)
🏢 State Enterprises & InsuranceFinancial statements, TSB Community Trust, Financial Instruments, Liquidity Risk, Interest Rate Risk, Cash Flows, Investments, Receivables, Payables