Hansard - ACT Legislative Assembly

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Legislative Assembly for the ACT: 1999 Week 2 Hansard (11 March) . . Page.. 655 ..

$'000

Purchase of investments 790,151

Sale of investments 767,410

Net Movement 22,741

plus:

Net Market Gains 14,921

Purchase of liquid investments (a) 25,884

less:

YTD consolidation variation (b) 3,261

60,285

(a) As highly liquid investments are classified as cash, for the purposes of the cashflow statement, movements in this category of investment do not appear in the cashflow statement.

(b) This represents year to date variations in eliminations balances between agencies.

(6) The projected movement in balance sheet indicates an increase in borrowings of $135.049m. A reconciliation of borrowings is provided below:

$'000

Borrowings Received 1,267,562

Repayment of Borrowings 1,058,729

Net Movement 208,833

less net movement in:

Finance lease (a) 14,462

Repayment of external loans receivable (a) 59,897

Repayment of external overdraft 118

YTD consolidation variation 693

135,049

(a) These items roll into the two summary levels relating to borrowings in the

cashflow, but roll up into Finance Leases and Loans Receivable in the balance sheet.

The projected increase of $135m in borrowings relates to the budgeted borrowings of $100m for ACTEW and $80m for Information Technology, off-set by principal repayments of $45m primarily relating to historical commonwealth debt and home loan program.

(7) The following table details the current and non-current investments of the ACT Government as per the 31 January 1999 Consolidated Territory Financial Statements.

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