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Annual Report 2017
Highlights 2016/17
Chairperson’s and Chief Executive Officer’s Report
Five-Year Summary
Performance Against Targets
About Western Australian Treasury Corporation
Board of Directors
Organisational Structure
Economic Environment
Financial Solutions for Clients
Financial Markets Activity
Processes, People and Infrastructure
Significant Issues and Future Outlook
Other Legal Compliance
Other Financial and Corporate Governance Disclosures
Financial Statements
Contact Details
Highlights 2016/17
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Executive Summary
Highlights 2016/17
Chairperson’s and Chief Executive Officer’s Report
Five-Year Summary
Performance Against Targets
Overview
About Western Australian Treasury Corporation
Board of Directors
Organisational Structure
Performance
Economic Environment
Financial Solutions for Clients
Financial Markets Activity
Processes, People and Infrastructure
Significant Issues and Future Outlook
Budget for 2017/18
Estimated Borrowing Program for 2017/18
Borrowing Strategy for 2017/18
Disclosures and Legal Compliance
Other Legal Compliance
Other Financial and Corporate Governance Disclosures
Financial Statements
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Contents
Executive Summary
Highlights 2016/17
Chairperson’s and Chief Executive Officer’s Report
Five-Year Summary
Performance Against Targets
Overview
About Western Australian Treasury Corporation
Board of Directors
Organisational Structure
Performance
Economic Environment
Financial Solutions for Clients
Financial Markets Activity
Processes, People and Infrastructure
Significant Issues and Future Outlook
Budget for 2017/18
Estimated Borrowing Program
Borrowing Strategy for 2017/18
Disclosures and Legal Compliance
Other Legal Compliance
Other Financial and Corporate Governance Disclosures
Financial Statements
Contact Details
A
new vision, objectives
and
EPIC values
were introduced on 1 July 2016
Successfully delivering the State’s borrowing requirements
, with a
$4.2 billion
increase in client debt to a total of
$44.9 billion
at 30 June 2017
Successful launch of two new benchmark bond lines
and
two new FRNs
, raising
$3.3 billion
on initial offerings
Continued to
deliver interest rate savings to clients
while achieving the
lowest ever Administration Cost Ratio (0.037%)
In excess of
$168 million of client foreign exchange transactions
in 11 different currencies
Over
$4.85 billion in investments managed
on behalf of clients,
outperforming established benchmarks
Client feedback on
advisory services
affirming the
high-quality
,
capability
and
valuable contribution
to State and client initiatives
Implementation of
client debt management strategies
, which
successfully achieved
the target requirement for managing the refinancing risk of the State
Improving service delivery
to clients through the development of an
online client portal
Best Practice agency for financial reporting
as recognised by the Office of the Auditor General
Silver Lonnie Award
for the 2015/16 Annual Report awarded by IPAA
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