here - SMDA - NSW Government

(f) Amounts recognised in other comprehensive income {AASB 119 – paragraph 120A(h)}
SASS SANCS SSS TOTAL
30-Jun-12 30-Jun-12 30-Jun-12 30-Jun-12
$’000 $’000 $’000 $’000
Actuarial (gains)/losses (4) 14 -- 10
Adjustment for limit on net asset -- -- -- --
SASS SANCS SSS TOTAL
30-Jun-11 30-Jun-11 30-Jun-11 30-Jun-11
$’000 $’000 $’000 $’000
Actuarial losses 50 10 -- 60
Adjustment for limit on net asset -- -- -- --
(g) Fund assets {AASB 119 – paragraph 120A(j)}
The percentage invested in each asset class at the balance sheet date:
30-Jun-12 30-Jun-11
Australian equities 28.0% 33.4%
Overseas equities 23.7% 29.5%
Australian fixed interest securities 4.9% 5.7%
Overseas fixed interest securities 2.4% 3.1%
Property 8.6% 9.9%
Cash 19.5% 5.1%
Other 12.9% 13.3%
(h) Fair value of Fund assets {AASB 119 – paragraph 120A(k)}
All Fund assets are invested by STC at arm’s length through independent fund managers.
(i) Expected rate of return on assets {AASB119 – paragraph 120A(l)}
The expected return on assets assumption is determined by weighting the expected long-term return for each asset class by the target
allocation of assets to each class. The returns used for each class are net of investment tax and investment fees.
(j) Actual Return on Fund Assets {AASB 119 – paragraph 120A(m)}
SASS SANCS SSS TOTAL
30-Jun-12 30-Jun-12 30-Jun-12 30-Jun-12
$’000 $’000 $’000 $’000
Actual return on Fund assets -- -- -- --
SASS SANCS SSS TOTAL
30-Jun-11 30-Jun-11 30-Jun-11 30-Jun-11
$’000 $’000 $’000 $’000
Actual return on Fund assets 12 7 -- 19
2011-12 ANNUAL REPORT
45