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Australia Yearbook - 2001

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884 Year Book <strong>Australia</strong> <strong>2001</strong><br />

26.1 INTER-SECTORAL FINANCIAL FLOWS DURING THE YEAR 1999–2000<br />

$16.8 billion<br />

Households<br />

$2.4 billion<br />

$0.0 billion<br />

$22.8 billion<br />

Non-financial<br />

Corporations<br />

$18.6 billion<br />

Financial<br />

corporations<br />

$14.5 billion<br />

General<br />

government<br />

$38.3 billion<br />

$0.5 billion $7.0 billion<br />

Rest of world<br />

$20.4 billion<br />

Note: The arrows show the direction of net financial flows from lending sectors to borrowing sectors. The<br />

number relating to each arrow indicates the value of that net flow during the period. Other claims are<br />

omitted from the diagram. For this reason, inter-sectoral borrowing does not equal inter-sectoral lending.<br />

Source: <strong>Australia</strong>n National Accounts: Financial Accounts (5232.0).<br />

Financial enterprises<br />

Financial enterprises are institutions which<br />

engage in acquiring financial assets and incurring<br />

liabilities, for example, by taking deposits,<br />

borrowing and lending, providing<br />

superannuation, supplying all types of insurance<br />

cover, leasing, and investing in financial assets.<br />

For national accounting purposes, financial<br />

enterprises are grouped into Depository<br />

corporations, Life insurance corporations,<br />

Pension funds, Other insurance corporations,<br />

Central borrowing authorities and Financial<br />

intermediaries not elsewhere classified.<br />

Depository corporations are those which are<br />

included in the Reserve Bank of <strong>Australia</strong>’s broad<br />

money measure (see Money supply measures<br />

later in the chapter). The Reserve Bank itself is a<br />

depository corporation; authorised depository<br />

institutions are those supervised by APRA and<br />

include banks, building societies and credit<br />

unions; non-supervised depository corporations<br />

registered under the Financial Corporations Act<br />

include merchant banks, pastoral finance<br />

companies, finance companies and general<br />

financiers; finally cash management trusts are also<br />

included in depository corporations.<br />

Life insurance corporations cover the statutory<br />

and shareholders’ funds of life insurance

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