New Zealand Gazette – 2014 – No. 93

Page 2642

✨ Financial Statements Notes

Bay of Plenty Community Trust Incorporated

Notes to the financial statements (continued)

in New Zealand Dollars ($000's)

14 Financial instruments (continued)

Investments	2014	2013
NZ fixed interest debt securities	12,724	9,124
Australasian equities	10,902	9,365
Global bonds	78,934	76,758
Global equities	70,290	64,360
Global property	-	-
Total investments designated at fair value through profit or loss	172,850	159,607

| Total financial assets | 174,302 | 161,163 |

Management of the interest rate risk is performed by the fund managers by use of interest rate swaps.

The Trust continuously monitors the credit quality of major financial institutions that are counterparties to its financial instruments and does not anticipate non-performance by the counterparties. The Trust further minimises its credit exposure by limiting the amount of funds placed with any one financial institution at any one time.

The Trust makes a number of loans to eligible community groups and organisations over periods of up to five years. These are not grants and are fully expected to be repaid in full within the terms of the loan. The Trust requires evidence of the applicant's ability to repay the loan and also considers a number of other factors before advancing the loan and deciding on whether or not to waive a security interest. At the reporting date, the Trust had one loan secured by a First Mortgage (note 11).

Liquidity risk

The following table sets out the contractual cash flows for all financial liabilities:

Statement of Financial Position	Contractual cash flows	6 months or less	6-12 months	1 to 2 years	2 to 5 years	More than 5 years
Trust 2014
Grants Payable	529	529	329	100	100	0
Trade and other payables	282	282	282
Total	811	811	611	100	100	0

| Trust 2013 | | | | | | |
| Grants Payable | 845 | 845 | 200 | 223 | 322 | 100 |
| Trade and other payables | 208 | 208 | 208 | | | |
| Total | 1,053 | 1,053 | 408 | 223 | 322 | 100 |

Employee Entitlements have not been included as they are not a financial liability.

Gazette.govt.nz — NZ Gazette 2014, No 93

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Bay of Plenty Community Trust Financial Statements Notes (continued from previous page)

Domain💰 Finance & Revenue
Dated26 June 2014
KeywordsFinancial Instruments, Credit Risk, Liquidity Risk, Market Risk, Foreign Currency Risk, Interest Rate Risk, Quantitative Disclosure

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