β¨ Financial Statements
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2013
Investments Managed by Fund Managers
| 2013 Strategic Asset Allocation % | 2013 NZ$'000 | 2012 Strategic Asset Allocation % | 2012 NZ$'000 | |
|---|---|---|---|---|
| Growth Assets | ||||
| Global Equities | ||||
| 25 | 25 | |||
| Vanguard Investments Australia Ltd | 47,246 | 44,299 | ||
| Generation Investment Management LLP | 26,217 | 23,216 | ||
| 73,463 | 67,515 | |||
| Australasian Equities | ||||
| 10 | 15 | |||
| OnePath (NZ) Ltd | 31,243 | 27,632 | ||
| Milford Asset Management Ltd | 17,055 | 12,919 | ||
| 48,298 | 40,551 | |||
| Private Equity | ||||
| 5 | - | |||
| Pencarrow Private Equity Ltd | 334 | - | ||
| 334 | - | |||
| Unlisted Property | ||||
| 10 | 10 | |||
| QIC Ltd | 27,395 | 26,242 | ||
| 27,395 | 26,242 | |||
| Infrastructure | ||||
| 10 | 10 | |||
| HRL Morrison & Co PIP Ltd | 2,198 | 2,031 | ||
| Hastings Funds Management Ltd | 20,173 | 18,386 | ||
| 22,371 | 20,417 |
| Income Assets |
| New Zealand Fixed Interest |
| | 10 | | 10 | |
| OnePath (NZ) Ltd | | 26,972 | | 25,882 |
| | | 26,972 | | 25,882 |
| Global Fixed Interest |
| | 25 | | 25 | |
| PIMCO Global Advisors (Ireland) Ltd | | 36,458 | | 33,480 |
| Wellington Management Company LLP (Dublin) | | - | | 30,807 |
| Wellington Management Company LLP (Luxembourg) | | - | | - |
| | | 32,047 | | 64,287 |
| New Zealand Cash |
| | 5 | | 5 | |
| OnePath (NZ) Ltd | | 15,347 | | 12,591 |
| | | 15,347 | | 12,591 |
| Investments at Fair Value |
| | 100% | 282,685 | 100% | 257,485 |
The Trustees have agreed to a strategic asset allocation of 5% to Global Credit, with a corresponding decrease in the allocation to Global Fixed Interest. At balance date this allocation had not yet been implemented.
Investments are valued at fair value through profit or loss. The basis of the fair value of financial assets has been disclosed in Note 3.9.2.
Full NZ IFRS Financial Statements for the year ended 31 March 2013
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β¨ LLM interpretation of page content
π’
Financial Statements of The Waikato Community Trust Incorporated
(continued from previous page)
π’ State Enterprises & Insurance11 July 2013
Financial statements, Community Trusts, Waikato, Investments, Asset Allocation, Fair Value
NZ Gazette 2013, No 109