✨ Financial Statements Notes
NEW ZEALAND GAZETTE, No. 114
26 AUGUST 2013
ASB COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2013
9. FINANCIAL ASSETS AND LIABILITIES
The Trust has the following financial assets and liabilities:
Financial Assets
| Group | Trust | |||
|---|---|---|---|---|
| 2013 | 2012 | 2013 | 2012 | |
| $'000 | $'000 | $'000 | $'000 | |
| Cash at Bank | 2,794 | 7,581 | 2,794 | 7,581 |
| Investments | 1,097,018 | 1,049,310 | 1,097,018 | 1,049,310 |
| Other Assets | 1,113 | 2,483 | 1,113 | 2,483 |
Fair Value Hierarchy
The following table analyses Financial Assets carried at Fair Value by valuation method. The different levels have been defined as follows:
- Level 1: quoted prices (unadjusted) in active markets for identical assets
- Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset, either directly (ie as prices) or indirectly (ie derived from prices)
- Level 3: inputs for the asset that are not based on observable market data (unobservable inputs)
Cash Fund, Diversified Inflation Hedging Funds, Global Bond Funds, certain Global Equity and Emerging Markets Equity Funds and New Zealand Equities are valued at fair value on the basis of Level 1 (quoted prices, unadjusted, in active markets for identical assets).
Investments in the Collateralised Commodities Futures Fund, Hedge Funds, Forward Exchange Contracts, certain Emerging Markets Equity and Global Equity Funds, Global Bonds, New Zealand Bonds and Interest Rate Swaps are valued on the basis of Level 2 (value derived from inputs other than quoted prices within Level 1 that are observable for the asset, either directly (ie as prices) or indirectly (ie derived from prices)).
Investments in Private Equity Funds are valued on the basis of Level 3 (not based on observable market data).
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NZ Gazette 2013, No 114
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ASB Community Trust Financial Statements Notes
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💰 Finance & RevenueFinancial Statements, Revenue, Investments, ASB Community Trust, Fixed Assets, Grants, Trust Funds, Capital Maintenance, Financial Assets, Liabilities, Fair Value Hierarchy, Cash Fund, Diversified Inflation Hedging Funds, Global Bond Funds, Global Equity, Emerging Markets Equity Funds, New Zealand Equities, Collateralised Commodities Futures Fund, Hedge Funds, Forward Exchange Contracts, Global Bonds, New Zealand Bonds, Interest Rate Swaps, Private Equity Funds