FirstChoice Wholesale Investments - Colonial First State
FirstChoice Wholesale Investments - Colonial First State
FirstChoice Wholesale Investments - Colonial First State
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COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS10. FINANCIAL RISK MANAGEMENT (continued)NOTES TO THE FINANCIAL STATEMENTSFOR THE PERIOD ENDED 30 JUNE 2011(a)(ii)Market Risk (continued)Foreign exchange risk (continued)Perpetual <strong>Wholesale</strong> Conservative GrowthEuropean Japanese Uk Pound United <strong>State</strong>s OthersEuro Yen Sterling Dollar30/06/2011 AUD AUD AUD AUD AUD$'000 $'000 $'000 $'000 $'000Cash and cash equivalents - - - 10 -Financial liabilities held for trading- Derivatives - - - ( 167) -- - - ( 157) -Net increase/decrease in exposurefrom:- foreign currency contract ( 897) ( 437) ( 415) - -( 897) ( 437) ( 415) ( 157) -Perpetual <strong>Wholesale</strong> Conservative Growth30/06/2010 AUD AUD AUD AUD AUD$'000 $'000 $'000 $'000 $'000- - - - -The table in Note 10 (b) summarises the sensitivities of the Funds' monetary assets and liabilities to foreign exchangerisk. The analysis is based on the assumption that the Australian dollar strengthened/weakened by 10.1% (2010: 10.6%)against each of the other currencies to which the Funds' are exposed.Page 110