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The Basic Financial Statements_part4

Theo kết quả của các đề xuất Nhà nước tháng mười một mini-ngân sách, chi tiêu vốn trong vòng bốn năm tới, như được nêu trong Chiến lược cơ sở hạ tầng nhà nước của Chính phủ New South Wales, dự $ 56,0 tỷ. | __New South Wales Treasury Corporation Loans to Government Clients Year ended 30 June 2008 000 2007 000 New South Wales public sector clients - Crown Entity 10 641 565 10 484 606 - Electricity Sector 11 747 617 10 429 103 - Transport Sector 1 266 227 1 241 365 - Water Sector 4 943 869 3 931 444 - Other Sector 1 695 847 1 572 223 - Universities 38 268 39 088 - Local government and county councils 5 975 Total Loans to Government Clients 30 333 393 27 703 804 Subject to the outcome of the proposed November State mini-budget capital spending over the next four years as outlined in the New South Wales Government s State Infrastructure Strategy is projected at 56.0 billion. Over this same period TCorp expects its loans to clients to increase by 23.0 billion. Management of Client Debt As at 30 June 2008 TCorp managed 20 client debt portfolios with a total portfolio volume of 19.0 billion. The largest portfolio was The Treasury s 9.1 billion Crown debt portfolio. TCorp performed ahead of benchmark for its managed clients. TCorp actively manages client agency debt portfolios by using derivatives to adjust actual portfolios to take advantage of fluctuations in shorter term interest rates. This activity is conducted within a prudent framework and in accordance with risk constraints prescribed by each agency. The benchmarks are not standard and vary from agency to agency as each benchmark is based on the specific business requirements of each agency. Management of Client Investments TCorp s asset management services comprise both the Hour-Glass investment facilities which are mostly outsourced to external fund managers and the internally managed tailored cash and bond portfolios. Hour-Glass Investment Facilities TCorp is trustee for a number of investment facilities used by public sector agencies. During the year negative returns were delivered in the medium and long-term facilities although the results were .