NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2004

Section 11 of the Tasmanian Public Finance Corporation Act 1985, as amended, states that one of the functions of the Corporation is to provide loans to Participating Authorities in the State of Tasmania. TASCORP is dependent on this source for a significant volume of revenue. During the year ended  30 June 2004 approximately 40% of revenue (43% 2002-03) was from this source.  Outstanding loans at balance date are categorised as follows:

		2003-04 A$’000		2002-03 A$’000
Hydro Tasmania		1,094,976		1,039,192
Treasury and Finance		516,588		655,387
Aurora Energy		502,453		538,123
TT-Line		287,308		230,529
Tasmania Development and Resources		47,800		52,947
Other State Government Authorities		227,712		163,533
Local Government		145,941		151,630
Total Advances		2,822,778		2,831,341

Advances

		2003-04 A$’000		2002-03 A$’000
Period to Maturity
At Call		60,824		44,833
<3 months		138,894		399,699
3 to < 6 months		337,166		20,368
6 to < 12 months		206,064		194,862
1 to < 2 years		574,319		500,168
2 to < 5 years		1,159,556		1,387,792
Over 5 years		348,624		292,758
		2,825,447		2,840,480
Unamortised Premium/(Discount)		(2,669)		(9,139)
Total		2,822,778		2,831,341