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

All borrowings are unconditionally guaranteed by the Treasurer of the State of Tasmania under Section 15 of the Tasmanian Public Finance Corporation Act 1985, as amended.

Outstanding borrowings as at the end of the financial year are as follows:

		2003-04 A$’000		2002-03 A$’000
Domestic
Preferred Stocks		3,328,024		2,196,315
Commercial Paper		308,821		1,001,741
Other Securities		108,347		111,902
Overseas
Other Issues		373,825		363,509
Total Borrowings		4,119,017		3,673,467

Borrowings

		2003-04 A$’000		2002-03 A$’000
Period to Maturity
<3 months		260,569		1,184,599
3 to < 6 months		1,017,017		181,612
6 to < 12 months		77,281		21,180
1 to < 2 years		876,086		645,467
2 to < 5 years		1,193,843		1,437,486
Over 5 years		685,456		240,578
		4,110,252		3,710,922
Unamortised Premium/(Discount)		8,765		(37,455)
Total		4,119,017		3,673,467