✨ Financial Statements
West Coast Community Trust
Statement of Accounting Policies & Notes
for the Year Ended 31 March 2013
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INVESTMENTS
The value of investments which are held in equities and fixed interest are subject to market fluctuations. The total investment portfolio is diversified in a way such that over time reductions in value in particular asset classes should be more than offset by increases in other classes. Investments are disclosed at market value at balance date and any gains (losses) arising from that treatment are shown under Revenue in the Statement of Financial Performance. No provision has been made for potential gains or losses that could occur due to future market fluctuations. The investment portfolio as at 31 March 2013 is diversified as follows:
| 2013 | 2012 | |||
|---|---|---|---|---|
| $000 | % | $000 | % | |
| New Zealand Equities | 219 | 4.0 | 244 | 4.5 |
| New Zealand Fixed Interest | 1,683 | 30.5 | 1,611 | 29.5 |
| New Zealand Enhanced Yield | - | - | 1,218 | 22.3 |
| New Zealand Cash | 2,573 | 46.7 | 1,229 | 22.4 |
| Global Equities | 1,034 | 18.8 | 1,164 | 21.3 |
| TOTAL | 5,509 | 100.0 | 5,466 | 100.0 |
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DISTRIBUTIONS
| 2013 | 2012 | |
|---|---|---|
| Distributions made during the year | $183,522 | $146,395 |
| Less distributions returned/not banked during year | - | -120 |
| Net Distributions made | $183,522 | $146,275 |
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NZ Gazette 2013, No 120
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West Coast Community Trust Financial Statements
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