Financial Statements Notes




4 SEPTEMBER 2013 NEW ZEALAND GAZETTE, No. 123 3409

The Canterbury Community Trust

Notes to the financial statements

For the year ended 31 March 2013
in New Zealand Dollars ($000’s)

19 Financial instruments (continued)

Pricing risk
Pricing risk is the risk that the fair value of financial assets will increase or decrease as a result of changes in market prices, whether these changes are caused by factors specific to individual stocks or factors affecting all financial assets in the market. Pricing risks arise from the Group’s investment portfolio.

Quantitative disclosure

Credit risk
The carrying amount of financial assets represents the Group’s maximum credit exposure.

The Group’s maximum exposure to credit risk for investments by geographic regions and investment type is as follows, net of related derivative liabilities:

Carrying amount Group 2013 Group 2012 Trust 2013 Trust 2012 (Unaudited)
New Zealand Community Loans 5,126 5,357 5,126 5,357
New Zealand Cash 44,829 91,658 44,829 91,658
New Zealand Fixed interest 96,351 86,827 96,351 86,827
New Zealand Property 13,279 12,749 0 0
Australasian Equities 36,573 29,741 36,573 29,741
Private Equity 13,046 14,007 1,353 1,386
Global Bonds 136,059 123,715 136,059 123,715
Global Equities 75,482 67,854 75,482 67,854
Emerging Market Debt 23,056 21,923 23,056 21,923
Emerging Market Equities 13,240 13,241 13,240 13,241
Total Financial Assets 457,041 467,072 432,069 441,702

Global Bonds, Global Equities, Australasian Equities, Emerging Market Debt and Emerging Market Equities contain investments denominated in US Dollars and Australian Dollars.

The Group has uncalled commitments to private equity funds totalling $13,755,967 (2012: $13,753,522).



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2013, No 123





✨ LLM interpretation of page content

💰 Notes to the Financial Statements for The Canterbury Community Trust (continued from previous page)

💰 Finance & Revenue
3 July 2013
Financial instruments, Investment objectives, Risk management, Credit risk, Investment portfolio