Central borrowing authorities are institutions established by the state governments and the Northern Territory Government primarily to provide finance for public corporations and quasi-corporations, and other units owned or controlled by those governments, and to arrange investment of the units' surplus funds. The central borrowing authorities borrow funds, mainly by issuing securities, and on-lend them to their public sector clientele. However, they also engage in other financial intermediation activity for investment purposes, and may engage in the financial management activities of the parent government.
Table 26.10 shows the financial assets and liabilities held by the central borrowing authorities at 30 June of the most recent three years.
26.10 CENTRAL BORROWING AUTHORITIES, Financial assets and liabilities
|
 | Amounts outstanding at 30 June |
|
|
| 2000 | 2001 | 2002 |
| $m | $m | $m |
|
FINANCIAL ASSETS |
|
| Currency and deposits | 1,388 | 1,236 | 2,341 |
| Holdings of bills of exchange | 6,239 | 5,714 | 5,232 |
| One name paper | 4,816 | 4,819 | 4,896 |
| Bonds | 3,272 | 4,939 | 4,895 |
| Derivatives | 3,736 | 3,949 | 5,597 |
| Loans and placements | 70,807 | 70,258 | 70,578 |
| Other accounts receivable | 1,075 | 836 | 917 |
| Total(a) | 91,333 | 91,751 | 94,456 |
|
LIABILITIES |
|
| Drawings of bills of exchange | 100 | 39 | 258 |
| One name paper | 6,718 | 8,101 | 9,490 |
| Bonds | 70,450 | 70,085 | 68,997 |
| Derivatives | 3,397 | 4,033 | 5,064 |
| Loans and placements | 12,142 | 13,328 | 12,648 |
| Equity | 30 | 30 | 87 |
| Other accounts payable | 82 | 888 | 396 |
| Total | 92,919 | 96,504 | 96,940 |
|
| (a) Excludes non-financial assets (e.g. fixed assets, property, inventories, etc.). |
Source: Australian National Accounts: Financial Accounts (5232.0). |
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