2015 Pathways Annual report

Note 17:
Financial Risk Management
(Continued)
The company’s investments are held in the following sectors at the end of the reporting period:
2015 2014
Utilities 3% 4%
Insurance 3% 2%
Banks 18% 18%
Transportation 1% 0%
Materials 5% 7%
Diversified Financials 17% 14%
Telecomms 9% 9%
Food & Staples Retailing 6% 8%
International Shares 4% 3%
Energy 4% 4%
Cash Management Trust 21% 20%
Property Listed 7% 6%
Mortgage Trusts 1% 3%
Fixed Interest Listed 1% 2%
100% 100%
Sensitivity analysis
The following table illustrates sensitivities to the company’s exposures to changes in interest rates and equity prices. The table
indicates the impact on how profit and equity values reported at the end of the reporting period would have been affected by
changes in the relevant risk variable that management considers to be reasonably possible.
These sensitivities assume that the movement in a particular variable is independent of other variables.
Profit
Equity
$ $
Year ended 30 June 2015
+/– 2% in interest rates 43,311 43,311
+/– 10% in listed investments 51,986 51,986
Year ended 30 June 2014
+/– 2% in interest rates 42,640 42,640
+/– 10% in listed investments 52,557 52,557
No sensitivity analysis has been performed on foreign exchange risk as the company has no material exposures to currency risk.
There have been no changes in any of the assumptions used to prepare the above sensitivity analysis from the prior year.
Pathways Annual Report 14 / 15 • 29