Notes to the Financial Statements (continued)
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $m |
Estimated Actuals $m |
30 June 2008 $m |
30 June 2007 $m |
|
| By type | ||||
| 1 | 12 | Foreign exchange gains on financial assets measured at amortised cost | 70 | - |
| - | 1 | Foreign exchange losses on financial assets measured at amortised cost | - | (136) |
| 282 | (426) | Change in fair value of financial assets classified as held for trading | (18) | 146 |
| 4 | (6) | Gain/(loss) on disposal of financial assets classified at amortised cost | (5) | (39) |
| 899 | (1,007) | Change in fair value of financial assets classified as fair value through profit and loss | (226) | (5,162) |
| 1,186 | (1,426) | Net gains/(losses) on financial assets | (179) | (5,191) |
| - | 1 | Foreign exchange gains on financial liabilities measured at amortised cost | 2 | 156 |
| - | (116) | Foreign exchange losses on financial liabilities measured at amortised cost | (148) | (2) |
| - | (2) | Change in fair value of financial liabilities classified as held for trading | (2) | 58 |
| - | - | Gain/(loss) on disposal of financial liabilities classified at amortised cost | (7) | (1) |
| - | (329) | Change in fair value of financial liabilities classified as fair value through profit and loss | (591) | 913 |
| - | (446) | Net gains/(losses) on financial liabilities | (746) | 1,124 |
| 191 | 1,048 | Net gains/(losses) on derivatives | 308 | 5,632 |
| 1,377 | (824) | Net gains/(losses) on financial instruments | (617) | 1,565 |
| By source | ||||
| 1,155 | 200 | Core Crown | 353 | 1,179 |
| 485 | (691) | Crown entities | (743) | 365 |
| 18 | (138) | State-owned Enterprises | (37) | 63 |
| (281) | (195) | Inter-segment eliminations | (190) | (42) |
| 1,377 | (824) | Net gains/(losses) on financial instruments | (617) | 1,565 |
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $m |
Estimated Actuals $m |
30 June 2008 $m |
30 June 2007 $m |
|
| By type | ||||
| - | (29) | Foreign exchange gains/(losses) | (91) | (5) |
| - | (906) | Actuarial gains/(losses) on GSF liability | (1,098) | 1,133 |
| - | (1,059) | Actuarial gains/(losses) on ACC outstanding claims | (1,709) | (481) |
| - | (98) | Other gains/(losses) on non-financial liabilities | (183) | (3) |
| - | (46) | Gains/(losses) on sale or disposals of property, plant and equipment | (1) | (323) |
| - | 129 | Gains/(losses) on agricultural assets | 130 | 144 |
| - | - | Gains/(losses) on intangible assets | 18 | (2) |
| - | 2 | Other gains/(losses) on non-financial assets | 9 | 23 |
| - | (2,007) | Net gains/(losses) on non-financial instruments | (2,925) | 486 |
| By source | ||||
| - | (1,057) | Core Crown | (1,369) | 1,163 |
| - | (1,078) | Crown entities | (1,725) | (495) |
| - | 128 | State-owned Enterprises | 170 | (181) |
| - | - | Inter-segment eliminations | (1) | (1) |
| - | (2,007) | Net gains/(losses) on non-financial instruments | (2,925) | 486 |
The GSF and ACC liabilities are valued by an independent actuary (refer notes 24 and 25). Actuarial gains/(losses) represent differences between actual results and what the actuary had assumed when originally calculating the liability. They are also known as experience adjustments.
