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## Summarised sensitivity analysis 

the following table summarises the sensitivity of the Group’s financial assets and financial liabilities to interest rate risk and foreign exchange risk. 

a sensitivity of -10% / +10% (2011: -15% / +5%) for foreign exchange risk has been selected. While it is unlikely that an equal movement of the new Zealand dollar would be observed against all currencies an overall sensitivity of -10% / +10% (2011: -15% / +5%) is reasonable given the exchange rate volatility observed on an historic basis for the preceding 

five year period and market expectation for potential future movements. 

a sensitivity of 1% (2011: 1%) has been selected for interest rate risk. the 1% is based on reasonably possible changes over a financial year, using the observed range of historical data for the preceding five year period. 

amounts are shown net of income tax. all variables other than applicable interest rates and exchange rates are held constant. 

<img src='content_image/242623.jpg'>

<img src='content_image/242624.jpg'>

the parent is not sensitive to either interest rate or foreign exchange risk. 

