Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A37
Collective Investment Schemes – Registered as overseas subsidiary open ended investment companies
The Funds’ US dollar denominated fixed income positions are exclusively categorized as available-for-sale and as a consequence changes
in US dollar interest rates would have materially affected the net assets of the portfolios given that this category of financial asset is always
carried at fair value in accordance with IFRS.
An interest rate re-pricing analysis (as defined by the earlier of the contractual maturity or interest fixing date for each instrument) is provided
below for the Funds’ fixed income portfolio as at 31 December, 2012 and 31 December, 2011:
As at 31 December, 2012
Up to 1 year
1 to 5 years
Over 5 years Non-Interest bearing
Total
$’000
$’000
$’000
$’000
$’000
Assets
Investment securities
UTC Energy Fund
29,746
-
-
-
29,746
UTC European Fund
6,130
232
-
-
6,362
UTC Asia Pacific Fund
10,792
-
-
-
10,972
UTC Latin American Fund
6,770
-
-
-
6,770
UTC Global Bond Fund
-
1,459
-
8,450
9,909
UTC North American Fund
27,613
1,353
34,905
-
63,871
Interest income receivable
UTC Energy Fund
-
-
-
-
-
UTC European Fund
20
-
-
-
20
UTC Asia Pacific Fund
11
-
-
-
11
UTC Latin American Fund
36
-
-
-
36
UTC Global Bond Fund
51
-
-
-
51
Other receivables
- UTC Energy Fund
38
-
-
-
38
- UTC European Fund
-
-
-
-
-
- UTC Asia Pacific Fund
2
-
-
-
2
- UTC Latin American Fund
-
-
-
-
-
- UTC Global Bond Fund
-
-
-
-
-
Cash
- UTC Energy Fund
2,060
-
-
-
2,060
- UTC European Fund
463
-
-
-
463
- UTC Asia Pacific Fund
914
-
-
-
914
- UTC Latin American Fund
859
-
-
-
859
- UTC Global Bond Fund
884
-
-
-
884
- UTC North American Fund
6,572
-
-
-
6,572
29) FINANCIAL RISK MANAGEMENT
(continued)
Interest rate risk
(continued)
Unit Trust Corporation
Annual Report 2012
