Note 13: Gains and Losses on Non-Financial Instruments
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $m |
Estimated Actuals $m |
30 June 2009 $m |
30 June 2008 $m |
|
By type |
||||
| - | (22) | Foreign exchange gains/(losses) | 13 | (91) |
| - | (2,262) | Actuarial gains/(losses) on GSF liability | (695) | (1,098) |
| - | (2,095) | Actuarial gains/(losses) on ACC outstanding claims | (4,491) | (1,709) |
| - | 810 | Other gains/(losses) on non-financial liabilities | 811 | (183) |
| - | (59) | Gains/(losses) on sale or disposals of property, plant and equipment | 42 | (1) |
| 170 | 162 | Gains/(losses) on agricultural assets | 164 | 130 |
| - | 18 | Gains/(losses) on intangible assets | (1) | 18 |
| - | (2) | Other gains/(losses) on non-financial assets | (10) | 9 |
| 170 | (3,450) | Net gains/(losses) on non-financial instruments | (4,167) | (2,925) |
By source |
||||
| 8 | (1,529) | Core Crown | 125 | (1,369) |
| - | (2,082) | Crown entities | (4,475) | (1,725) |
| 162 | 162 | State-owned enterprises | 200 | 170 |
| - | (1) | Inter-segment eliminations | (17) | (1) |
| 170 | (3,450) | Net gains/(losses) on non-financial instruments | (4,167) | (2,925) |
The GSF and ACC liabilities are valued by an independent actuary (refer notes 25 and 26). Actuarial gains/(losses) represent differences between actual results and what the actuary had assumed when originally calculating the liability (experience adjustments) and the effect of changes in actuarial assumptions.
