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Statement of Intent - 2004 - Part 3

Schedule of Forecast Student Loans - page 95

for the year ended 30 June 2005

  Budgeted
 
2004
$000
Estimated
actual
2004
$000
Forecast
 
2005
$000
Outstanding balance
Total loans outstanding (including interest) 6,106,635 6,027,152 6,848,414
Total provisions (capital and interest) (908,086) (704,466) (793,140)
Total student loans 5,198,549 5,322,686 6,055,274
 
Movement during the year
Opening balance 4,618,402 4,649,934 5,322,686
Amount advanced in current year 966,299 969,120 1,058,585
Interest accrued on outstanding loan balances 406,229 395,174 448,530
Repayment of base capital (250,198) (229,229) (271,018)
Repayment of accrued interest (188,746) (203,057) (204,452)
Interest written off and movement in provision (172,541) (175,013) (210,383)
Movement in provision (180,896) (84,243) (88,674)
Closing balance 5,198,549 5,322,686 6,055,274

The accompanying accounting policies form part of these financial schedules.

 

 

 


Date published: 16 Nov 2004

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