NOTE 06
NON-FINANCIAL ASSETS AND LIABILITIES
(CONTINUED)
Consolidated
2015
Consolidated
2014
The major category
of plan assets are as
follows:
Quoted
$m
Un-
quoted
$m
Total
$m
Quoted
$m
Un-
quoted
$m
Total
$m
Equity instruments
19,862 3,656 23,518
19,667 3,025 22,692
Property
949 2,504 3,453
894 2,379 3,273
Short term securities
96 2,546 2,642
1,573
880 2,453
Fixed interest securities
1 3,659 3,660
11 3,235 3,246
Other assets
622 6,548 7,170
565 5,764 6,329
21,530 18,913 40,443
22,710 15,283 37,993
Consolidated
2015
%
2014
%
Equity instruments
58
60
Property
9
8
Short term securities
6
7
Fixed interest securities
9
8
Other assets
18
17
100
100
(iv) Actuarial assumptions and sensitivity
The significant actuarial assumptions (expressed as weighted averages) were as follows:
Consolidated
2015
2014
Discount rate
4.6%
3.6%
Rate of CPI increase
2.5%
2.5%
Future salary increases
3.1%
2.3%
The sensitivity of the total defined benefit obligation as at 30 June 2015 under several scenarios is
shown below.
Scenarios related to changes to the discount rate, salary growth rate and rate of CPI increase relate
to sensitivity of the total defined benefit obligation to economic assumptions, and scenarios related
to pensioner mortality relate to sensitivity to demographic assumptions. The assumption as to the
expected rate of return on assets is determined by weighing the expected long term return for each
asset class by the target allocation of assets to each class. The returns used for each class are net of
investment tax and investment fees.
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