As at 30 June 2008
|
2008 |
2007 |
Assets |
|
|
Cash and liquid assets |
447.6 |
286.6 |
Outstanding settlements receivable |
418.5 |
402.6 |
Due from financial institutions |
21.3 |
21.1 |
Securities held |
5,674.5 |
3,847.2 |
Derivative financial instruments receivable |
134.5 |
90.9 |
Loans to New South Wales Government clients |
30,333.4 |
27,703.8 |
Other assets |
20.4 |
15.8 |
Plant and equipment |
2.7 |
2.1 |
Total assets |
37,052.9 |
32,370.1 |
Liabilities |
|
|
Due to financial institutions |
3,415.8 |
100.1 |
Outstanding settlements payable |
305.1 |
531.5 |
Due to New South Wales Government clients |
538.6 |
409.4 |
Borrowings |
31,809.2 |
30,275.0 |
Derivative financial instruments payable |
900.4 |
967.0 |
Income tax equivalent payable |
2.3 |
2.6 |
Other liabilities and provisions |
38.4 |
41.4 |
Total liabilities |
37,009.8 |
32,327.0 |
Net assets |
43.1 |
43.1 |
Represented by: |
|
|
Equity |
|
|
Retained profits |
43.1 |
43.1 |
Total equity |
43.1 |
43.1 |
The accompanying discussion and analysis, and notes form part of these concise financial statements.
Discussion and Analysis of the Concise Consolidated Balance Sheet
The principal asset of loans to New South Wales Government clients of $30,333 million represented over 80 per cent of total assets. These comprised of loans to:
|
2008 |
2007 |
Crown Entity (New South Wales General Government) |
10,641.6 |
10,484.6 |
Electricity entities |
11,747.6 |
10,429.1 |
Transport entities |
1,266.2 |
1,241.4 |
Water entities |
4,943.9 |
3,931.4 |
Other entities |
1,734.1 |
1,617.3 |
|
30,333.4 |
27,703.8 |
Securities, cash and liquid assets and amounts due from financial institutions are held for liquidity management purposes and in total, increased by $1,988 million to $6,143 million at 30 June 2008.
Borrowings, the principal liability, comprised:
|
2008 |
2007 |
Domestic Benchmark Bonds |
13,789.9 |
12,419.2 |
Global Exchangeable Bonds |
14,275.4 |
14,431.2 |
|
28,065.3 |
26,850.4 |
Euro Medium Term Notes |
2,400.6 |
3,003.9 |
Capital Indexed Linked Bonds |
980.8 |
- |
Other borrowings |
362.5 |
420.7 |
|
31,809.2 |
30,275.0 |
The volumes on issue of both Domestic Benchmark and Global Exchangeable Bonds are:
| Maturity
|
Coupon |
2008 |
2008 |
2007 |
2007 |
1 March 2008 |
8.0 |
- |
- |
5,867.7 |
6,082.6 |
1 October 2009 |
6.0 |
2,859.2 |
2,851.8 |
1,355.0 |
1,355.6 |
1 December 2010 |
7.0 |
6,928.7 |
6,914.2 |
5,300.0 |
5,372.1 |
1 May 2012 |
6.0 |
6,435.0 |
6,232.5 |
5,196.4 |
5,088.4 |
1 August 2014 |
5.5 |
5,630.0 |
5,321.1 |
4,922.8 |
4,706.4 |
1 March 2017 |
5.5 |
6,147.3 |
5,659.3 |
4,534.1 |
4,245.3 |
1 April 2019 |
6.0 |
989.0 |
929.2 |
- |
- |
1 May 2023 |
6.0 |
170.0 |
157.2 |
- |
- |
|
|
29,159.2 |
28,065.3 |
27,176.0 |
26,850.4 |