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New Zealand Gazette – 2013 – No. 98

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✨ Financial Statements

2630

NEW ZEALAND GAZETTE, No. 98

5 AUGUST 2013

Otago Community Trust

Notes to the financial statements

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

17 Trade and other payables

| | Group | | Parent |
| :--- | :--- | :--- | :--- | :--- |
| | 2013 | 2012 | 2013 | 2012 |
| Donations payable | 1,231 | 1,962 | 1,231 | 1,962 |
| Other trade payables | 146 | 101 | 145 | 98 |
| | 1,377 | 2,063 | 1,376 | 2,060 |

18 Financial Instruments
The Trust (Parent) has the following financial assets and liabilities:

Summary Financial Assets and Liabilities

Financial Assets	Managed by	2013	2012
Self Managed Funds
Cash at bank and on deposit with Trading Banks		245	869

Investments Held by Fund Managers
NZ Cash	AMP Capital NZ	8,273	8,000
NZ Fixed Interest	AMP Capital NZ	24,364	23,641
NZ Equities	Harbour Asset Management	11,615	9,185
Global Fixed Interest	Tower Asset Management NZ	53,823	51,998
Global Fixed Interest	PIMCO	56,266	52,667
Global Equities	Russell Investments Australia	70,859	63,045
		225,200	208,536
Total Financial Assets		225,445	209,405

Donations Payable		1,231	1,962
Trade Payables		145	98
Total Financial Liabilities		1,376	2,060

Risks arising from the financial assets and liabilities are inherent in the nature of the Trust's activities and are managed by means of an ongoing process of identification, measurement and monitoring. The Trust is exposed to credit risk, liquidity risk, and market risk. Market risk includes risks around foreign currency, interest rates and pricing.

The Trust generally manages these risks in accordance with its Statement of Investment Performance Objectives (SIPO). The principle investment objectives are:

to maximise the total amount of donations which can be financed by the investment of the Fund over the long term;
to preserve the real capital of the Fund;
to maintain equity between present and future generations with respect to the amounts available for donations;
to maintain the highest degree of stability of investment earnings that is possible consistent with the preceding objectives;

Gazette.govt.nz — NZ Gazette 2013, No 98

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✨ LLM interpretation of page content

🏢 Otago Community Trust Financial Statements (continued from previous page)

Domain🏢 State Enterprises & Insurance
KeywordsFinancial statements, Trade payables, Donations payable, Financial instruments, Investment management

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