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5232.0 - Australian National Accounts: Financial Accounts, Dec 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/03/2012   
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DECEMBER KEY FIGURES

Credit market outstandings at end
Demand for credit during
Other changes during
Credit market outstandings at end
Sep Qtr 2011
Dec Qtr 2011
Dec Qtr 2011
Dec Qtr 2011
NON-FINANCIAL DOMESTIC SECTORS
$b
$b
$b
$b

Non-financial corporations
Investment funds
147.0
2.3
-2.3
147.0
Other private
1 785.4
27.3
-45.3
1 767.4
National public
1.3
0.1
-
1.4
State and local public
102.8
2.1
-
104.9
General government
National
230.2
15.4
3.8
249.4
State and local
109.6
3.7
-
113.3
Households
1 541.4
17.5
0.2
1 559.1
Total
3 917.8
68.3
-43.5
3 942.5

- nil or rounded to zero (including null cells)

Total demand for credit
Graph: Total demand for credit

Credit market outstandings
Graph: Credit market outstandings




DECEMBER KEY POINTS


SUMMARY
  • Total credit market outstanding of the domestic non-financial sectors at 31 December 2011 was $3,942.5b, an increase of $24.7b from the previous quarter. Demand for credit during the quarter was $68.3b and valuation decreases were $43.6b.
  • Demand for credit was up $5.0b from the previous quarter, driven by increased demand by other private non-financial corporations (up $8.9b) and households (up $3.9b). This was offset by a decrease in demand by state and local general government (down $7.5b).


NON-FINANCIAL CORPORATIONS
  • Private non-financial investment funds raised a net $2.3b during the December quarter 2011 mostly through share issuance of $3.2b. This was offset by maturities of loans of $1.7b. Other private non-financial corporations raised a net $27.3b, from issuance of shares $17.8b, bonds $8.5b and loans $5.6b. This was offset by one name paper redemptions of $3.3b.


GENERAL GOVERNMENT
  • National general government issued $17.0b of bonds and redeemed $1.7b of one name paper. State and local general government borrowed $3.5b in loans during the quarter.


HOUSEHOLDS
  • Households raised a net $17.5b during the December quarter 2011, up $3.9b from the September quarter 2011 estimate of $13.6b.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2012 28 June 2012
June 2012 27 September 2012
September 2012 20 December 2012



CHANGES TO THIS ISSUE

Following ongoing quality assurance work a number of data quality issues have been identified with table 37 - National capital accounts by sector and subsector. This table will be unavailable until further notice. However, capital accounts by sector will continue to be published as part of table 22 - flow of funds matrix.


SIGNIFICANT EVENTS

During the December quarter 2011, the investment activity of some units have been confidentialised to maintain the anonymity of those units that have not yet given approval to publish their investment activity and in the case where they may be identifiable. Included are state and local public non-financial corporations, life insurance institutions, money market investment funds and listed other financial institutions. As a consequence of suppressing estimates directly impacted, it has been necessary to consequentially suppress other series in the affected table to preserve confidentiality. Statistics published in this issue reflect these changes.

The Central bank, banks, securitisers and bond market tables include estimates for internally securitised paper. Please refer to December Quarter 2008 release for ABS treatment of internally securitised paper for the ABS treatment of these securities.


REVISIONS IN THIS ISSUE

There have been revisions back to March 2010 to previously published aggregates due to quality assurance work undertaken with data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets. Major revision work has been carried out to instrument and total assests in the pension funds sector for the purposes of better alignment between the ABS Managed Funds, Australia publication (cat no. 5655.0) and the quarterly APRA superannuation publications.

Significant revision work has been carried out in the banks sector to reflect amendments to source data. As a result, there are a number of series breaks between December 2009 and March 2010.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Sachind Naidu on Canberra (02) 6252 6417, email <national.accounts@abs.gov.au>.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Sachind Naidu on Canberra (02) 6252 6417, email <national.accounts@ abs.gov.au>.


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