Australia Yearbook - 2001

Chapter 26—Financial system 891
26.10 CENTRAL BORROWING AUTHORITIES, Financial Assets and Liabilities
Amounts outstanding at 30 June
1998
1999
2000
$m
$m
$m
FINANCIAL ASSETS
Currency and deposits 2 124 2 898 1 379
Holdings of bills of exchange 5 193 7 682 6 239
One name paper 6 450 6 118 4 817
Bonds 1 870 2 779 3 209
Derivatives 1 641 1 856 2 201
Loans and placements 77 124 73 674 70 808
Other acounts receivable 1 055 1 025 1 056
Total financial assets(a) 95 457 96 032 89 709
LIABILITIES
Drawings of bills of exchange 134 105 100
One name paper 5 583 7 726 6 529
Bonds 75 542 73 269 68 411
Derivatives 1 804 1 857 2 108
Loans and placements 6 403 8 701 7 264
Equity 211 209 30
Other accounts payable 3 388 1 827 1 531
Total liabilities 93 065 93 694 85 973
(a) Excludes non-financial assets (e.g. fixed assets, property, inventories, etc.).
Source: Australian National Accounts: Financial Accounts (5232.0).
Financial intermediaries not
elsewhere classified (n.e.c.)
This subsector comprises all institutions that
meet the definition of a financial enterprise and
have not been included elsewhere. It includes:
economic development corporations owned
by governments;
cash, mortgage, equity and fixed interest
common funds;
mortgage, fixed interest, balanced and equity
public unit trusts;
wholesale trusts;
securitisers;
investment companies;
cooperative housing societies;
corporations registered in category J of the
Financial Corporations Act 1974; and
housing finance schemes established by State
Governments to assist first home buyers.
enterprises which undertake activity closely
associated with intermediation such as:
fund managers;
insurance brokers; and
arrangers of hedging instruments such as
swaps, options and futures.
Table 26.11 shows the financial assets of selected
groups of financial intermediaries n.e.c.
Economic development corporations are owned
by governments. As their name implies, these
bodies are expected to finance infrastructure
developments mainly in their home State or
Territory.
Common funds are set up by trustee companies
and are governed by State Trustee Acts. They
allow the trustee companies to combine
depositors’ funds and other funds held in trust in
an investment pool. They are categorised
according to the main types of assets in the pool,
for example, cash funds or equity funds.
In addition to enterprises which engage directly
in intermediation, the subsector also includes