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Classes and Categories of Financial Instruments

NZDMO designates its financial assets and liabilities under the following IFRS categories:

Classes and Categories of Financial Instruments

2010
Amortised Cost[13]
$m		 2010
Fair Value Through
Profit
or Loss[14]
$m
2010
Available
for Sale
$m
2010
Carrying Value
$m		  
2011
Amortised Cost[13]
$m		 2011
Fair Value Through
Profit
or Loss[14]
$m 		2011
Available
for Sale
$m
2011
Carrying Value
$m
       

Financial Assets

        
       

Cash, cash equivalents and receivables

        
6,988 - - 6,988 Crown settlement account 13,060 - - 13,060
16 - - 16 Crown trust account 38 - - 38
13 1,120 - 1,133 Foreign cash and cash equivalents 106 1,355 - 1,461
- - - - Debtors and receivables 536 - - 536
       

Advances

        
- 2,727 - 2,727 RBNZ - 2,438 - 2,438
- 1,494 - 1,494 Crown Health Financing Agency - 1,750 - 1,750
858 977 - 1,835 Housing New Zealand 703 1,156 - 1,859
- 448 - 448 New Zealand Railways Corporation - 505 - 505
- - - - New Zealand Transport Agency - 110 - 110
- - - - Other Crown - 4 - 4
15 31 40 86 Non-Crown 31 75 45 151
       

Financial assets

        
- 4,097 - 4,097 Marketable securities - 3,242 - 3,242
- 467 - 467 External deposits - 115 - 115
- 1,607 - 1,607 Derivatives in gain - 2,489 - 2,489
2,199 - - 2,199 IMF financial assets 2,168 - - 2,168
10,089 12,968 40 23,097 Total Financial Assets by Designation 16,642 13,239 45 29,926
       

Financial Liabilities

        
3,463 - - 3,463 Crown disbursement account 3,823 - - 3,823
66 - - 66 Creditors and payables 127 - - 127
6,821 1,002 - 7,823 Treasury bills - market 6,605 604 - 7,209
174 - - 174 Treasury bills - non-market 50 - - 50
26,814 3,891 - 30,705 Government bonds - market 46,743 4,012 - 50,755
6,580 - - 6,580 Government bonds - non-market 6,363 - - 6,363
1,588 - - 1,588 Inflation-indexed bonds - market 1,633 - - 1,633
476 - - 476 Inflation-indexed bonds - non-market 491 - - 491
309 - - 309 Kiwi bonds 261 - - 261
- - - - Euro-commercial paper - 180 - 180
- 809 - 809 Foreign currency debt - 587 - 587
- 981 - 981 Collateral - 1,417 - 1,417
- 860 - 860 Derivatives in loss - 1,312 - 1,312
- 307 - 307 Departmental deposits - 210 - 210
1,820 - - 1,820 IMF allocation 1,648 - - 1,648
92 - - 92 Immigration investor policy bonds 87 - - 87
1 - - 1 Other 1 - - 1
48,204 7,850 - 56,054 Total Financial Liabilities by Designation 67,832 8,322 - 76,154

Derivatives

As at 30 June 2011, the value of derivatives was as follows:

Derivatives
2010
Carrying Value in Gain
$m		 2010
Carrying Value in Loss
$m		 2010
Net
Carrying Value
$m		 2010
Notional Value
$m		   2011
Carrying Value in Gain
$m		 2011
Carrying Value
 in Loss
$m		 2011
Net
Carrying Value
$m		 2011
Notional Value
$m
       

Derivatives

        
570 (530) 40 25,736 FX contracts 894 (764) 130 19,622
- - - - FX options - - - 23
395 (218) 177 7,686 Cross-currency swaps 1,015 (444) 571 9,218
642 (112) 530 8,481 Interest-rate swaps 580 (104) 476 7,811
1,607 (860) 747 41,903 Total Derivatives 2,489 (1,312) 1,177 36,674

Notes

  • [13]NZDMO's amortised cost assets are designated as loans and receivables.
  • [14]All "fair value through profit or loss" instruments are designated by management as FVPL, with the exception of derivatives which are classified as "held for trading" and are automatically included in the FVPL category of financial instruments.
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