Show: Page with Right Column
Note 13: Gains and Losses on Non-Financial Instruments
|
Forecast 30 June 2012 |
Actual | |||
|---|---|---|---|---|
|
Budget 11 $m |
Budget 12 $m |
30 June 2012 $m |
30 June 2011 $m |
|
By type |
||||
| - | 82 | Foreign exchange gains/(losses) | 329 | (153) |
| - | (2,212) | Actuarial gains/(losses) on GSF liability | (3,896) | (574) |
| - | (1,671) | Actuarial gains/(losses) on ACC outstanding claims | (2,942) | 996 |
| 4 | 20 | Other gains/(losses) on non-financial liabilities | (124) | 187 |
| (3) | (21) | Gains/(losses) on disposal or revaluation of property, plant and equipment | (77) | (565) |
| 171 | 191 | Gains/(losses) on agricultural assets | 120 | 310 |
| (1) | - | Gains/(losses) on intangible assets | (26) | 1 |
| 1 | 240 | Other gains/(losses) on non-financial assets | 90 | (123) |
| 172 | (3,371) | Net gains/(losses) on non-financial instruments | (6,526) | 79 |
By source |
||||
| (8) | (2,129) | Core Crown | (3,790) | (588) |
| (1) | (1,691) | Crown entities | (2,955) | 931 |
| 180 | 448 | State-owned enterprises | 220 | (264) |
| 1 | 1 | Inter-segment eliminations | (1) | - |
| 172 | (3,371) | Net gains/(losses) on non-financial instruments | (6,526) | 79 |
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.
