Note 11: Government securities

For 2003-04 and the forward years, transactions relating to debt management activities have been netted in the statement of financial position and cash flows. In the statement of financial position, the financial assets - investments category excludes financial assets acquired for debt management purposes, while the debt - government securities category is shown net of financial assets acquired for debt management purposes. In the statement of cash flows, the investing activities - cash used/received - other categories exclude cash used to acquire/redeem financial assets for debt management purposes, while the financing activities - cash used - net repayments of borrowings category is shown net of these amounts.

This netting treatment has been applied because of the uncertainty associated with the actual split between government securities and financial assets acquired for debt management purposes.

Note 12: Total non-financial assets

Note 13: Employee liabilities

Note 14: Grants payable

Note 15: Net asset movements

Note 16: Tax receipts - cash AAS31

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