Note 13: Gains and Losses on Non-Financial Instruments
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $m |
Estimated Actuals $m |
30 June 2010 $m |
30 June 2009 $m |
|
By type |
||||
| - | (15) | Foreign exchange gains/(losses) | (40) | 13 |
| (12) | (408) | Actuarial gains/(losses) on GSF liability | (1,231) | (695) |
| - | 219 | Actuarial gains/(losses) on ACC outstanding claims | 410 | (4,491) |
| - | (19) | Other gains/(losses) on non-financial liabilities | (80) | 811 |
| (13) | (130) | Gains/(losses) on disposal or revaluation of property, plant and equipment | (170) | 42 |
| 230 | 152 | Gains/(losses) on agricultural assets | 183 | 164 |
| - | - | Gains/(losses) on intangible assets | (18) | (1) |
| (1) | (4) | Other gains/(losses) on non-financial assets | (14) | (8) |
| 204 | (205) | Net gains/(losses) on non-financial instruments | (960) | (4,165) |
By source |
||||
| 38 | (547) | Core Crown | (1,351) | 123 |
| (12) | 198 | Crown entities | 398 | (4,475) |
| 178 | 144 | State-owned enterprises | (7) | 205 |
| - | - | Inter-segment eliminations | - | (18) |
| 204 | (205) | Net gains/(losses) on non-financial instruments | (960) | (4,165) |
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.
