5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/1998   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share  

14.1. This chapter examines two broad standard components of the financial account, namely, other investment such as trade credit, deposits and loans (not included in direct investment and reserves), and reserve assets.

14.2. Table 14.1 illustrates the financial transactions and the overall levels of other investment and reserve assets during 1996-97. It is evident from the table that:

      • Australia’s other investment liabilities outweigh its assets, with the majority of liabilities consisting of loans and currency and deposits;
      • loans also make up a large proportion of other investment assets;
      • for financial transactions, on the assets side there were increases in all components (as reflected in the minus sign); on the liabilities side there were large increases in all components apart from a small fall in trade credits; and
      • most of Australia’s reserve assets are held as foreign exchange, which consists of deposits and debt securities issued abroad.


14.1 OTHER INVESTMENT AND RESERVE ASSETS: TRANSACTIONS AND LEVELS, 1996-97

Financial transactions
Position at end of period
Assets
Liabilities
Assets
Liabilities
$m
$m
$m
$m

Other investment
-3,558
7,480
-38,656
63,363
Trade credits
-1,867
-129
-7,089
4,434
Loans
-873
3,331
-25,908
34,213
Currency and deposits
-789
3,720
-4,788
21,850
Other assets/liabilities
-29
557
-871
2,866
Reserve assets
-5,224
-22,790
Monetary gold
0
-1,757
Special drawing rights
2
-37
Reserve position in the IMF
-2
-627
Foreign exchange
-5,224
-20,369

Source: Tables 26, 32 and 33 from Balance of Payments and International Investment Position, Australia, March quarter 1998 (Cat. no. 5302.0).

.




Previous PageNext Page