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Note 16: Share Investments
|
Forecast 30 June 2012 |
Actual | |||
|---|---|---|---|---|
|
Budget 11 $m |
Budget 12 $m |
30 June 2012 $m |
30 June 2011 $m |
|
By maturity |
||||
| 9,331 | 6,702 | Expected to be realised within one year | 6,388 | 8,284 |
| 6,764 | 7,768 | Expected to be held for more than one year | 7,997 | 5,964 |
| 16,095 | 14,470 | Total share investments | 14,385 | 14,248 |
By source |
||||
| 8,227 | 6,704 | Core Crown | 6,341 | 6,879 |
| 7,852 | 7,744 | Crown entities | 7,806 | 7,198 |
| 57 | 57 | State-owned enterprises | 264 | 207 |
| (41) | (35) | Inter-segment eliminations | (26) | (36) |
| 16,095 | 14,470 | Total share investments | 14,385 | 14,248 |
Share investments are reported at fair value. The fair value of listed share investments is based on quoted market prices. The fair value of unlisted share investments is determined from the initial cost of the investment and adjusted for performance of the business and changes in equity market conditions since purchase.
Further information on the management of risks associated with these financial assets is provided in note 33.
