86 / 100
2 4 F i n a n c i a l r i s k m a n a g e m e n t ( c on t i n u e d )
(e) Financial instruments by category
Financial assets as per statement of financial position
Assets at
fair value
through
profit or loss
$’000
Assets at
amortised
cost
$’000
Total
$’000
Consolidated
At 31 March 2015
Shares in listed and unlisted companies
37,640
-
37,640
Trade and other receivables
-
98,009
98,009
Cash and cash equivalents
-
176,959
176,959
37,640
274,968
312,608
At 31 March 2014
Shares in listed and unlisted companies
23,361
-
23,361
Derivative financial instruments
647
-
647
Trade and other receivables
-
36,435
36,435
Cash and cash equivalents
-
171,470
171,470
24,008
207,905
231,913
Financial liabilities as per statement of financial position
Liabilities
at fair value
through
profit or loss
$’000
Liabilities at
amortised
cost
$’000
Total
$’000
Consolidated
At 31 March 2015
Borrowings
-
268,133
268,133
Derivative financial instruments
7,686
-
7,686
Trade and other payables
-
10,594
10,594
7,686
278,727
286,413
At 31 March 2014
Borrowings
-
211,755
211,755
Derivative financial instruments
5,048
-
5,048
Trade and other payables
-
22,763
22,763
5,048
234,518
239,566
24.2 Capital risk management
The Group’s capital is its equity plus debt, which is comprised of retained earnings and other reserves. Equity is represented by net
assets. The Trust is subject to the financial management and accountability provisions of the Charities Act 2005, Waikato Raupatu
Claims Settlement Act 1995 and the Waikato-Tainui Raupatu Claims (Waikato River) Settlement Act 2010. The Group manages
its revenues, expenses, assets, liabilities, investments and general financial dealings prudently. The Group’s equity is largely
managed as a by-product of managing revenues, expenses, assets, liabilities, investments and general financial dealings. The
objective of managing the Group’s equity is to ensure the Group effectively achieves its objectives and purpose, whilst remaining
a going concern in order to provide returns for the Waikato Raupatu Lands Trust and to maintain an optimal capital structure to
reduce the cost of capital.
waikato raupatu lands trust
notes to the financial statements
f o r t h e y e a r e n d e d 3 1 m a r c h 2 0 1 5
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