✨ Financial Statements
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2013
23. FINANCIAL INSTRUMENTS (Cont’d)
The following table details the Group’s sensitivity to certain risks as follows:
- Interest rate risk +/- movement in interest rates of 100 basis points
- Foreign exchange +/- movement in foreign exchange rates of 10%
- Equity price risk +/- in equity prices of 10%
| Interest Rate Risk | Foreign Exchange Risk | Equity Price Risk | ||||
|---|---|---|---|---|---|---|
| -1% | +1% | -10% | +10% | -10% | +10% | |
| $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |
| 31 March 2013 | ||||||
| Net Surplus/(Deficit) | 4,353 | (4,353) | 5,485 | (4,487) | 8,683 | (8,683) |
| Total Funds Employed | 4,353 | (4,353) | 5,485 | (4,487) | 8,683 | (8,683) |
| Interest Rate Risk | Foreign Exchange Risk | Equity Price Risk | ||||
|---|---|---|---|---|---|---|
| -1% | +1% | -10% | +10% | -10% | +10% | |
| $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |
| 31 March 2012 | ||||||
| Net Surplus/(Deficit) | 4,246 | (4,246) | 4,982 | (4,076) | (7,422) | (7,422) |
| Total Funds Employed | 4,246 | (4,246) | 4,982 | (4,076) | (7,422) | (7,422) |
The above sensitivity analysis has been prepared based on the following assumptions:
-
The assets and liabilities as at year end remain the same throughout the ensuing year.
-
Each of the sensitivities is performed in isolation.
-
For the purposes of assessing foreign exchange risk, it has been assumed that the offshore equity investments held by the Trust are domiciled in the following currencies:
- US$ 50%
- Euros 30%
- Yen 20%
The Trust’s offshore fixed interest investments are fully hedged, and therefore no foreign exchange risk exists in respect of those investments.
Liquidity & Interest Risk tables - Financial Liabilities
The following tables detail the Group’s remaining undiscounted contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Trust can be required to pay. The table includes both principal and interest cash flows.
| Less than 1 year | 1-2 Years | 2-3 Years | More than 3 years | Total | |
|---|---|---|---|---|---|
| $'000 | $'000 | $'000 | $'000 | $'000 | |
| 2013 | |||||
| Accounts payable | 740 | - | - | - | 740 |
| Grants committed | 10,189 | 3,410 | 2,079 | 773 | 16,451 |
| not paid | |||||
| Term Loan | - | 200 | - | - | 200 |
| Total | 10,929 | 3,410 | 2,079 | 773 | 17,191 |
| Less than 1 year | 1-2 Years | 2-3 Years | More than 3 years | Total | |
|---|---|---|---|---|---|
| $'000 | $'000 | $'000 | $'000 | $'000 | |
| 2012 | |||||
| Accounts payable | 409 | - | - | - | 409 |
| Grants committed | 10,946 | 4,267 | 1,806 | - | 17,019 |
| not paid | |||||
| Total | 11,355 | 4,267 | 1,806 | - | 17,428 |
Next Page →
NZ Gazette 2013, No 119
✨ LLM interpretation of page content
💰
Financial Report of the Community Trust of Southland
(continued from previous page)
💰 Finance & RevenueFinancial Instruments, Risk Management, Investment Advisors, Fund Managers, Diversified Portfolio, Interest Rate Risk, Currency Risk, Equity Price Risk, Credit Risk, Liquidity Risk