Financial Statements




1 AUGUST 2014 NEW ZEALAND GAZETTE, No. 84 2363

The Canterbury Community Trust

Notes to the financial statements

For the year ended 31 March 2014

in New Zealand Dollars ($000's)

18 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 2014 Group 2013 Trust 2014 Trust 2013
New Zealand Community Loans 4,800 5,126 4,800 5,126
New Zealand Cash 85,057 85,947 85,876 85,859
New Zealand Fixed interest 91,102 96,351 91,102 96,351
New Zealand Property 13,262 13,279 0 0
Australasian Equities 43,815 36,573 43,815 36,573
Private Equity 14,206 13,046 1,366 1,353
Global Bonds 120,046 136,059 120,046 136,059
Global Equities 94,046 75,482 94,046 75,482
Emerging Market Debt 16,928 23,056 16,928 23,056
Emerging Market Equities 12,419 13,240 12,419 13,240
Total Financial Assets 496,681 498,159 470,398 473,099

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 $12,161,000 (2013: $13,756,000).



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2014, No 84





✨ LLM interpretation of page content

💰 Financial Statements for Year Ended 31 March 2014 (continued from previous page)

💰 Finance & Revenue
7 July 2014
Financial Statements, Revenue, Investment Fees, Other Income, Other Expenses, Donations, Property, Plant and Equipment, Depreciation, Credit Risk, Liquidity Risk, Market Risk, Interest Rate Risk, Currency Risk