❓ Mr. Wyatt questions the WA Treasurer about the state's financial assets from 2009-2011. The Treasurer provides a breakdown of asset classes and their values over those years, with explanations for significant changes.
AnsweredQoN 7383Legislative Assembly
QuestionView source ↗
(a) As published in the Annual Report on State Finances for 2008-09, 2009-10 and 2010-11. (b) Increase in 2009-10 reflects an increase in the volume of first home owner loans issued by Keystart. (c) Includes loans to local governments, low interest loans to private schools, agricultural cooperatives, etc. (d) Increase in 2009-10 reflects a change in the treatment of derivatives held by the Western Australian Treasury Corporation (previously classified under accounting standards as an offset to financial liabilities). Note: Columns may not add due to rounding. Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
AnswerView source ↗
Answered
1 May 2012
Response time
61 days
(1) The Western Australian total public sector held the following classes of financial assets as at 30 June 2009, 2010 and 2011:
- cash and deposits;
- advances paid
- investments, loans and placements;
- receivables;
- investment property;
- equity - investments in other entities; and
- other financial assets.
These classification categories are expected to remain unchanged across the forward estimate period and feature in the State's whole-of-government balance sheet disclosures in prior year actuals and budget projections.
(2) The value of each class of financial asset held by the Western Australian total public sector for the financial year ended 30 June 2009, 30 June 2010 and 30 June 2011 are shown in the following table.
Total Public Sector Financial Assets at 30 June
(a)
2009
2010
2011
$m
$m
$m
Cash and Deposits
916
1 255
1 338
Advances paid
(b)
2 871
4 347
4 152
Investments, loans and placements
Term Deposits
7 883
9 085
9 692
Government securities
362
219
150
Loans
(c)
1 279
1 674
1 588
Financial assets held for trading/available for sale
(d)
4
234
354
Receivables
3 293
3 469
3 750
Investment property
386
464
533
Equity - investment in other entities
1 004
1 029
1 214
Other financial assets
26
36
52
Total Financial Assets
18 024
21 811
22 822
(a) As published in the
Annual Report on State Finances
for 2008-09, 2009-10 and 2010-11.
(b) Increase in 2009-10 reflects an increase in the volume of first home owner loans issued by Keystart.
(c) Includes loans to local governments, low interest loans to private schools, agricultural cooperatives, etc.
(d) Increase in 2009-10 reflects a change in the treatment of derivatives held by the Western Australian Treasury Corporation (previously classified under accounting standards as an offset to financial liabilities).
Note: Columns may not add due to rounding.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
- cash and deposits;
- advances paid
- investments, loans and placements;
- receivables;
- investment property;
- equity - investments in other entities; and
- other financial assets.
These classification categories are expected to remain unchanged across the forward estimate period and feature in the State's whole-of-government balance sheet disclosures in prior year actuals and budget projections.
(2) The value of each class of financial asset held by the Western Australian total public sector for the financial year ended 30 June 2009, 30 June 2010 and 30 June 2011 are shown in the following table.
Total Public Sector Financial Assets at 30 June
(a)
2009
2010
2011
$m
$m
$m
Cash and Deposits
916
1 255
1 338
Advances paid
(b)
2 871
4 347
4 152
Investments, loans and placements
Term Deposits
7 883
9 085
9 692
Government securities
362
219
150
Loans
(c)
1 279
1 674
1 588
Financial assets held for trading/available for sale
(d)
4
234
354
Receivables
3 293
3 469
3 750
Investment property
386
464
533
Equity - investment in other entities
1 004
1 029
1 214
Other financial assets
26
36
52
Total Financial Assets
18 024
21 811
22 822
(a) As published in the
Annual Report on State Finances
for 2008-09, 2009-10 and 2010-11.
(b) Increase in 2009-10 reflects an increase in the volume of first home owner loans issued by Keystart.
(c) Includes loans to local governments, low interest loans to private schools, agricultural cooperatives, etc.
(d) Increase in 2009-10 reflects a change in the treatment of derivatives held by the Western Australian Treasury Corporation (previously classified under accounting standards as an offset to financial liabilities).
Note: Columns may not add due to rounding.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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