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Schedule of Assets and Liabilities

as at 30 June 2009

2008   2009
Carrying Value
$m		 Fair Value
$m		   Carrying Value
$m		 Fair Value
$m
   

Assets

    
   

Cash, cash equivalents and receivables

    
6,903 6,903 Crown settlement account 8,320 8,320
18 18 Foreign cash and cash equivalents[16] 1,105 1,105
99 99 Debtors and receivables 396 396
   

Advances

    
3,539 3,539 RBNZ 3,170 3,170
1,287 1,287 Crown Financing Agency 1,401 1,401
1,809 1,809 Housing New Zealand 1,813 1,813
221 221 New Zealand Railways Corporation 399 399
40 40 Non-Crown 65 65
   

Financial assets

    
5,004 5,004 Marketable securities 3,424 3,424
748 748 External deposits 442 442
680 680 Derivatives in gain 1,842 1,842
188 188 IMF reserve position 454 454
20,536 20,536 Total Assets 22,831 22,831
   

Liabilities

    
   

Overdrafts and payables

    
3,958 3,958 Crown balances with Westpac 3,609 3,609
- - Creditors and payables 5 5
   

Financial liabilities

    
1,487 1,487 Treasury bills - market 7,442 7,442
154 154 Treasury bills - non-market 5 5
19,459 19,455 Government bonds - market[17] 22,486 22,871
7,487 7,433 Government bonds - non-market 7,144 7,349
1,482 1,591 Inflation-indexed bonds - market 1,552 1,707
445 475 Inflation-indexed bonds - non-market 466 510
423 422 Kiwi bonds 491 494
689 689 Foreign currency debt 993 993
70 70 Collateral 889 889
790 790 Derivatives in loss 1,333 1,333
77 77 Departmental deposits 117 117
304 304 IMF allocation 336 336
81 81 Immigration investor policy bonds 96 96
4 4 Other 2 2
36,910 36,990 Total Liabilities 46,966 47,758
(16,374) (16,454) Net Assets/(Liabilities) (24,135) (24,927)

Notes

  • [16]Foreign cash and cash equivalents include cash equivalent deposits of $1,044 million at June 2009. Previously, similar deposits to those now categorised as cash equivalents were included with external deposits. The value of the equivalent deposits included in external deposits at June 2008 was $261 million. The June 2008 figures have not been restated.
  • [17]Government bonds – market includes $395 million of infrastructure bonds at June 2009 (June 2008: $295 million).
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