Part 5: Other Information

Agency financial performance

The AOFM recorded an operating surplus on agency activities of $0.86 million for the 2017–18 financial year, comprising total revenue of $11.57 million and expenses of $10.71 million. The surplus in 2017–18 was due to lower than anticipated operating costs.

As at 30 June 2018, the AOFM was in a sound net worth and liquidity position, with net assets of $24.92 million, represented by assets of $27.87 million and liabilities of $2.95 million.

As at 30 June 2018, the AOFM had unspent appropriations totalling $24.47 million of which $0.07 million was held in cash. Unspent appropriations are available to settle liabilities as and when they fall due and for future asset replacements and improvements.

Agency resource statement and resources for outcomes

Table 1: Expenses and resources for Outcome 1

Agency Resource Tables
Outcome 1: The advancement of macroeconomic growth and stability and the effective operation of financial markets, through issuing debt, investing in financial assets and managing debt, investments and cash for the Australian Government Actual
Budget(a) 2017-18 Expenses 2017-18 Variation
$’000 $’000 $’000
Program1.1: Australian Office of Financial Management Departmental expenses
Departmental appropriation and other receipts 10,295 9,992 303
Expenses not requiring appropriation in the Budget year 720 723 -3
Administered expenses before re-measurements
Ordinary annual services (Appropriation Bill No.1) 10 10
Expenses not requiring appropriation 546,883 523,561 23,322
Special appropriations expenses
   Commonwealth Inscribed Stock Act 1911 17,047,223 17,025,334 21,889
   Financial Agreement Act 1994 7 7
Total expenses for program1.1 17,605,138 17,559,617 45,521
2017-18 2017-18
Average staffing level (number) 40 37 3
(a) The Budget figure for 2017-18 is the estimated actual 2017-18 expenses, reported in table 2.1 of the 2018-19 Portfolio Budget Statements.

Table 2: AOFM resource statement

Agency Resource Tables
Actual available appropriation Payments made Appropriations extinguished = Balance
2017-18 2017-18 2017-18 2017-18
$’000 $’000 $’000 $’000
Ordinary annual services
Departmental appropriation(a)(b) 36,132 10,496 1,631 24,005
Receipts from other sources (s74)(c) 542 542
Total departmental 36,674 10,496 1,631 24,547
Administered expenses
Outcome 1 10 10
Total administered 10 10
Total ordinary annual services A 36,684 10,496 1,631 24,557
Other services
Departmental non-operating
Total other services B
Total available annual appropriations (A+B) 36,684 10,496 1,631 24,557

Special appropriations – operating

Commonwealth Inscribed Stock Act 1911 19,619,273 19,619,273
Financial Agreement Act 1994 8 8
Subtotal 19,619,281 19,619,281
Special appropriations – investing and financing
Commonwealth Inscribed Stock Act 1911 64,501,787 64,501,787
Public Governance, Performance and Accountability Act 2013 473,450,000 473,450,000
Loans Securities Act 1919
Subtotal 537,951,787 537,951,787
Total special appropriations C 557,571,068 557,571,068
Total appropriations excluding special accounts (A + B + C) 557,607,752 557,581,564 1,631 24,557
Special Accounts
Debt Retirement Reserve Trust Account 47 7 40
Total Special Account D 47 7 40
Total net resourcing and payments for AOFM (A + B + C + D) 557,607,799 557,581,571 1,631 24,597
(a) Actual available appropriation comprises Appropriation Bill (No.1) 2017-18 plus carried forward appropriation balances as at 1 July 2017.
(b) Includes capital budget appropriation for 2017-18 of $0.713 million.
(c) Receipts received under section 74 of the Public Governance, Performance and Accountability Act 2013.

Grant programs

Under the Financial Agreement Act 1994, the Commonwealth is required to contribute to the Debt Retirement Reserve Trust Account to assist the state and Northern Territory governments to redeem maturing debt on allocation to them. Monies standing to the credit of this Account are held for the purposes prescribed by the Financial Agreement Act 1994.

The contributions made by the Commonwealth are accounted for as grants in the AOFM’s financial statements.

Advertising and market research

During 2017–18, the AOFM incurred expenditure of $13,200 for research into the wholesale financial market in Australia.

The AOFM incurred expenditure of $12,732 in advertising to promote the Australian Government Securities market to investors.

The AOFM incurred expenditure of $4,656 during 2017–18 to media advertising organisations for staff recruitment.

Freedom of information

Agencies subject to the Freedom of Information Act 1982 (FOI Act) are required to publish information to the public as part of the Information Publication Scheme (IPS). Freedom of information (FOI) matters in respect of the AOFM are handled by the Treasury and all documents disclosed in response to FOI requests (other than personal or business information that would be unreasonable to publish) are published on the FOI Disclosure Log of the Treasury website. The Treasury reports on AOFM’s FOI requests in an annual submission to the Office of the Australian Information Commissioner (OAIC) for inclusion in the OAIC’s annual report. In 2017–18, the AOFM received no FOI requests.

An agency plan showing what information is published in accordance with the IPS requirements, including material relevant to the AOFM, is accessible from the Treasury’s website at www.treasury.gov.au.

Ecologically sustainable development

The AOFM’s operations have an impact on the environment typical of office operations generally. Procurement and facilities management services are provided to the AOFM by the Treasury under a memorandum of understanding. Information on the environmental impact of these services is published in the Treasury’s Annual Report.

Management structure of the AOFM’s debt and assets

The assets and liabilities managed by the AOFM and held on its administered balance sheet in 2017–18 were AGS (Treasury Bonds, Treasury Indexed Bonds and Treasury Notes), term deposits placed with the RBA, RMBS and housing advances to the states under the various Commonwealth-State Housing Agreements.

For financial and risk management purposes, these assets and liabilities are allocated between four financial portfolios: long-term debt, cash management, RMBS, and housing advances. This allocation recognises the different objectives, risks and management approaches required in each area.

The long-term debt portfolio includes all AGS, other than Treasury Notes, which are issued for cash management purposes. It contains debt denominated in Australian dollars and in foreign currencies. No borrowings have been undertaken in foreign currencies since 1987.

The cash management portfolio is used to manage within-year variability in the Australian Government’s financing requirement due to differences in the timing of Government payments and receipts. It is also used to provide for contingency liquidity in the event of an unforeseen call on cash requirements separate to planned needs (such as reduced issuance capability during a major market dislocation event). It contains all the assets and liabilities not held in the other three portfolios.

The RMBS portfolio contains residential mortgage-backed securities purchased through a Government investment program that was operational during 2008-09 to 2012-13. The AOFM completed the divestment process for RMBS in February 2018.

The housing advances portfolio comprises loans for public housing made to the states and territories. These loans, which were not evidenced by the issue of securities, were made under previous Commonwealth-state financing arrangements. The last of these loans is due to mature on 30 June 2042.

AGS issuance for 2017–18

Table 3: Treasury Bond tender results — 2017–18

Tender date Coupon and maturity Face value amount allocated Weighted average issue yield Spread to secondary market yield Range of bids accepted Times Covered
($m) (%) (basis points) (basis points)
5-Jul-17 3.25% 21-Apr-2029 800 2.7200 -1.17 0.00 4.47
7-Jul-17 2.00% 21-Dec-2021 600 2.1693 -1.07 1.00 5.46
19-Jul-17 2.75% 21 Nov-2028 900 2.7747 -0.58 0.50 2.82
21-Jul-17 2.00% 21-Dec-2021 500 2.1996 -0.80 0.25 6.58
28-Jul-17 2.25% 21-May-2028 700 2.7266 -0.59 0.50 3.84
2-Aug-17 2.75% 21 Nov-2028 900 2.7523 -0.48 0.50 2.93
4-Aug-17 1.75% 21-Nov-2020 500 1.9447 -0.96 0.75 5.04
9-Aug-17 2.75% 21-Nov-2027 900 2.6312 -0.13 0.50 3.04
11-Aug-17 5.75% 15-Jul-2022 500 2.1337 -0.70 0.50 4.69
14-Aug-17 2.25% 21-May-2028 500 2.6464 -0.23 0.25 4.85
16-Aug-17 3.25% 21-Apr-2029 900 2.7608 -0.44 0.50 2.96
18-Aug-17 2.00% 21-Dec-2021 500 2.1077 -0.68 0.25 5.62
21-Aug-17 2.75% 21 Nov-2028 800 2.6998 -0.39 0.25 2.99
25-Aug-17 1.75% 21-Nov-2020 600 1.9962 -0.63 0.50 5.75
28-Aug-17 2.75% 21-Jun-2035 400 3.1008 -0.54 0.50 4.16
30-Aug-17 2.25% 21-May-2028 900 2.7060 -0.27 0.50 2.76
1-Sep-17 2.00% 21-Dec-2021 500 2.1575 -1.45 0.00 7.82
6-Sep-17 2.75% 21-Nov-2027 900 2.6125 -0.40 0.50 3.16
8-Sep-17 5.75% 15-May-2021 500 2.0164 -0.86 0.25 7.04
11-Sep-17 4.50% 21-Apr-2033 500 2.9089 -0.36 0.75 2.52
13-Sep-17 2.75% 21 Nov-2028 900 2.7414 -0.48 0.25 4.03
18-Sep-17 3.25% 21-Apr-2029 700 2.8842 -0.49 0.25 3.39
20-Sep-17 2.00% 21-Dec-2021 600 2.3225 -1.82 0.00 7.48
22-Sep-17 2.25% 21-May-2028 800 2.8368 -0.45 0.50 3.70
27-Sep-17 2.75% 21-Nov-2027 700 2.7834 -0.54 0.25 4.34
29-Sep-17 2.75% 21 Nov-2028 800 2.8913 -0.49 0.25 5.43
4-Oct-17 4.75% 21-Apr-2027 700 2.7655 -0.60 0.50 4.46
6-Oct-17 2.25% 21-May-2028 700 2.8410 -0.57 0.50 4.56
11-Oct-17 2.25% 21-Nov-2022 3,500 2.4167 N/A 1.00 3.68
23-Oct-17 2.75% 21-Nov-2027 700 2.8162 -0.26 0.50 3.96
27-Oct-17 2.75% 21 Nov-2028 1,000 2.8556 -0.32 0.50 4.33
30-Oct-17 3.25% 21-Apr-2029 500 2.8110 -0.51 0.25 6.50
1-Nov-17 2.25% 21-May-2028 900 2.7273 -0.49 0.50 5.30
3-Nov-17 2.00% 21-Dec-2021 500 2.0919 -0.70 0.25 7.25
6-Nov-17 3.75% 21-Apr-2037 400 3.0580 -0.57 0.75 2.54
8-Nov-17 2.25% 21-Nov-2022 1,500 2.1756 -0.59 0.50 4.51
10-Nov-17 2.75% 21-Nov-2027 900 2.6201 -0.37 0.75 3.46
15-Nov-17 2.75% 21 Nov-2028 1,000 2.6867 -0.37 0.50 3.46
17-Nov-17 4.50% 21-Apr-2033 400 2.8774 -0.31 0.75 2.84
20-Nov-17 3.25% 21-Apr-2029 400 2.6437 -0.49 0.25 4.98
22-Nov-17 2.25% 21-May-2028 900 2.5746 -0.34 0.50 4.16
24-Nov-17 2.00% 21-Dec-2021 500 2.0281 -0.66 0.50 5.40
29-Nov-17 2.75% 21 Nov-2028 900 2.5563 -0.24 0.25 3.40
1-Dec-17 2.25% 21-Nov-2022 1,000 2.1577 -0.63 0.50 3.94
4-Dec-17 3.25% 21-Apr-2029 400 2.6438 -0.47 0.25 3.80
6-Dec-17 2.25% 21-May-2028 900 2.5846 -0.24 0.25 2.59
8-Dec-17 2.00% 21-Dec-2021 500 2.0730 -1.07 0.25 8.54
11-Dec-17 3.00% 21-Mar-2047 500 3.2948 -0.02 0.75 3.23
13-Dec-17 2.25% 21-Nov-2022 1,000 2.2218 -0.68 0.75 3.53
2-Feb-18 3.00% 21-Mar-2047 500 3.4359 0.19 1.00 2.53
5-Feb-18 4.50% 21-Apr-2033 400 3.0717 -0.13 1.00 1.87
7-Feb-18 2.75% 21 Nov-2028 600 2.8862 -0.25 0.75 5.43
9-Feb-18 5.75% 15-Jul-2022 400 2.2838 -0.19 0.50 5.79
14-Feb-18 2.25% 21-May-2028 600 2.8612 -0.21 0.50 3.66
16-Feb-18 2.00% 21-Dec-2021 400 2.2960 -0.40 0.50 5.03
21-Feb-18 2.75% 21 Nov-2028 600 2.9052 -1.04 2.25 4.50
23-Feb-18 5.75% 15-May-2021 400 2.1289 -0.41 0.25 6.12
26-Feb-18 2.75% 21-Nov-2027 400 2.7735 -0.54 0.50 5.96
28-Feb-18 2.25% 21-Nov-2022 1,000 2.3582 -0.43 0.50 4.10
7-Mar-18 4.75% 21-Apr-2027 500 2.7391 -0.47 0.25 3.85
9-Mar-18 3.25% 21-Apr-2029 500 2.8212 -0.41 0.25 4.36
16-Mar-18 2.75% 21 Nov-2028 500 2.7124 -0.41 0.25 4.46
19-Mar-18 2.25% 21-May-2028 800 2.7039 -0.36 0.25 3.35
21-Mar-18 2.25% 21-Nov-2022 1,000 2.3449 -0.38 0.25 3.95
28-Mar-18 3.25% 21-Apr-2029 500 2.6337 -0.25 1.50 3.47
4-Apr-18 2.25% 21-May-2028 600 2.6149 -0.34 0.25 4.17
6-Apr-18 2.00% 21-Dec-2021 400 2.2152 -0.73 0.50 7.69
11-Apr-18 2.75% 21 Nov-2028 600 2.7069 -0.43 0.25 4.25
13-Apr-18 2.25% 21-Nov-2022 1,000 2.3632 -0.72 0.50 4.38
18-Apr-18 3.00% 21-Mar-2047 600 3.3268 -0.57 0.75 3.00
20-Apr-18 2.75% 21-Nov-2027 400 2.7989 -0.34 0.50 5.95
23-Apr-18 3.25% 21-Apr-2029 500 2.8843 -0.44 0.25 5.88
27-Apr-18 2.25% 21-Nov-2022 500 2.4294 -0.78 0.50 6.08
2-May-18 3.00% 21-Mar-2047 400 3.2741 -0.34 0.50 3.07
4-May-18 2.75% 21-Nov-2029 600 2.8181 -0.44 0.50 3.57
7-May-18 2.25% 21-May-2028 400 2.7436 -0.37 0.25 4.73
11-May-18 3.25% 21-Apr-2029 1,000 2.7842 -0.33 0.25 3.91
21-May-18 2.25% 21-Nov-2022 400 2.4172 -0.65 0.50 7.11
25-May-18 2.75% 21-Nov-2029 500 2.8273 -0.39 0.25 5.21
8-Jun-18 2.50%21-May-2030 2,500 2.8934 N/A 1.50 3.41
18-Jun-18 2.75% 21-Nov-2029 800 2.7059 -0.53 0.50 3.62
20-Jun-18 2.25% 21-Nov-2022 700 2.2716 -0.59 0.25 4.03
22-Jun-18 3.00% 21-Mar-2047 300 3.1435 -0.27 0.25 3.97
27-Jun-18 2.50%21-May-2030 1,000 2.7083 -0.29 0.50 3.49
Average over year to June 2017 -0.51 0.49 4.44
Average over 3 years to June 2017 -0.44 0.64 3.57
Average over 10 years to June 2017 -0.24 0.92 3.64

Table 4: Treasury Bond syndication results — 2017–18

Syndication date Coupon and maturity Face value amount allocated Issue yield
($m) (%) Joint Lead Managers
11-Jul-17 (Tap) 3.25% 21-Jun-2039 2,300 3.405 Bank of America Merrill Lynch, UBS AG Australia Branch and Westpac Institutional Bank
17-Oct-17 (Tap) 3.00% 21-Mar-2047 2,100 3.565 Citi, Deutsche Bank AG and TD Securities
17-Jan-18 2.75% 21-Nov-2029 9,600 2.860 Citi, Commonwealth Bank of Australia, Deutsche Bank AG and UBS AG Australia Branch
15-May-18 (Tap) 3.25% 21-Jun-2039 1,700 3.205 ANZ, Commonwealth Bank of Australia and National Australia Bank

Table 6: Treasury Indexed Bond tender results — 2017–18

Tender date Coupon and maturity Face value amount allocated Weighted average issue yield Spread to secondary market yield Range of bids accepted Times covered
($m) (%) (basis points) (basis points)
18-Jul-17 1.25% 21-Aug-2040 150 1.1158 -2.17 1.50 3.57
8-Aug-17 2.50% 20-Sep-2030 150 0.8959 -2.28 1.75 7.04
12-Sep-17 1.25% 21-Feb-2022 150 0.4025 -0.50 1.50 3.98
26-Sep-17 2.50% 20-Sep-2030 150 1.0024 -0.63 1.75 3.34
10-Oct-17 1.25% 21-Aug-2040 150 1.2167 -0.52 2.25 2.60
14-Nov-17 2.00% 21-Aug-2035 150 0.9732 -1.05 1.75 2.93
28-Nov-17 0.75% 21-Nov-2027 150 0.6407 -2.27 1.00 4.83
12-Dec-17 1.25% 21-Aug-2040 150 0.9236 -0.77 1.25 2.45
13-Feb-18 0.75% 21-Nov-2027 150 0.8533 -1.42 0.75 4.20
27-Feb-18 1.25% 21-Aug-2040 150 1.0266 0.16 3.25 2.37
13-Mar-18 0.75% 21-Nov-2027 150 0.8208 -0.85 1.00 3.07
27-Mar-18 1.25% 21-Aug-2040 150 1.0113 0.18 1.25 3.33
10-Apr-18 0.75% 21-Nov-2027 150 0.7075 -0.50 1.00 2.73
8-May-18 2.50% 20-Sep-2030 150 0.8357 -1.18 1.00 3.43
22-May-18 0.75% 21-Nov-2027 150 0.8822 -3.08 1.75 3.20
12-Jun-18 2.00% 21-Aug-2035 150 0.9803 -2.81 1.75 3.54
26-Jun-18 2.50% 20-Sep-2030 150 0.7029 -2.71 2.50 3.36
Average over year to June 2018 -1.32 1.59 3.53
Average over 3 years to June 2018 -1.14 1.72 3.45

Table 5: Treasury Bond buyback tender results — 2017–18

Tender date Coupon and maturity Face value amount repurchased Weighted average accepted yield Spread to secondary market yield Range of offers accepted Times covered
($m) (%) (basis points) (basis points)
10-Jul-17 3.25% 21-Oct-2018 230 1.6473 0.48 0.25 3.60
5.25% 15-Mar-2019 270 1.7325 0.70 0.50
14-Aug-17 3.25% 21-Oct-2018 400 1.6485 0.40 0.75 3.37
5.25% 15-Mar-2019 100 1.6733 0.03 0.25
28-Aug-17 3.25% 21-Oct-2018 320 1.6604 0.41 0.25 3.23
5.25% 15-Mar-2019 80 1.7125 0.30 0.00
11-Sep-17 3.25% 21-Oct-2018 368 1.6959 0.34 0.75 2.83
5.25% 15-Mar-2019 132 1.7383 0.33 0.50
18-Sep-17 3.25% 21-Oct-2018 148 1.7427 1.24 1.00 4.22
2.75% 21-Oct-2019 552 1.9807 0.57 0.50
27-Sep-17 5.25% 15-Mar-2019 296 1.8099 0.99 0.50 4.03
2.75% 21-Oct-2019 404 1.9464 0.99 1.75
11-Oct-17 3.25% 21-Oct-2018 162 1.7925 0.37 0.00 4.05
2.75% 21-Oct-2019 738 1.9492 0.57 0.50
23-Oct-17 5.25% 15-Mar-2019 444 1.8480 0.92 0.50 3.85
2.75% 21-Oct-2019 256 1.9575 1.10 0.50
30-Oct-17 3.25% 21-Oct-2018 207 1.7667 0.48 0.75 3.36
5.25% 15-Mar-2019 293 1.7714 0.45 0.75
6-Nov-17 3.25% 21-Oct-2018 350 1.7218 0.80 1.00 4.40
2.75% 21-Oct-2019 50 1.7725 0.25 0.00
20-Nov-17 5.25% 15-Mar-2019 180 1.7356 0.36 0.50 2.71
2.75% 21-Oct-2019 220 1.7848 0.38 0.75
4-Dec-17 3.25% 21-Oct-2018 215 1.6860 1.08 1.50 4.26
5.25% 15-Mar-2019 185 1.7250 0.62 0.00
11-Dec-17 3.25% 21-Oct-2018 400 1.7119 0.69 1.00 3.20
5.25% 15-Mar-2019 100 1.7653 0.14 0.25
5-Feb-18 5.25% 15-Mar-2019 300 1.7725 1.00 0.00 2.95
2.75% 21-Oct-2019 100 1.8968 0.17 0.50
26-Feb-18 5.25% 15-Mar-2019 192 1.8066 0.46 0.50 2.85
2.75% 21-Oct-2019 208 1.8728 0.73 0.50
19-Mar-18 5.25% 15-Mar-2019 358 1.8617 0.62 1.00 2.48
4.50% 15-Apr-2020 442 1.9637 0.41 0.50
11-Apr-18 2.75% 21-Oct-2019 500 1.9769 0.69 1.25 2.69
4.50% 15-Apr-2020 100 2.0521 0.51 0.25
23-Apr-18 2.75% 21-Oct-2019 219 2.0597 0.47 1.25 2.06
4.50% 15-Apr-2020 281 2.1268 0.35 0.50
7-May-18 5.25% 15-Mar-2019 189 1.8810 0.35 0.25 5.07
2.75% 21-Oct-2019 211 1.9425 0.32 0.00
21-May-18 2.75% 21-Oct-2019 272 1.9703 0.65 0.75 4.09
4.50% 15-Apr-2020 128 2.0374 0.86 1.25
8-Jun-18 2.75% 21-Oct-2019 554 2.0200 0.80 0.75 4.18
4.50% 15-Apr-2020 246 2.0795 0.57 0.50
18-Jun-18 2.75% 21-Oct-2019 643 1.9988 1.23 1.25 3.53
4.50% 15-Apr-2020 157 2.0168 0.85 0.50
Average over year to June 2018 0.59 0.60 3.50

Table 7: Treasury Indexed Bond syndication results — 2017–18

Syndication date Coupon and maturity Face value amount allocated Issue yield Joint Lead Managers
($m) (%)
23-Aug-17 0.75% 21-Nov-2027 3,000 0.8725 Citi, Deutsche Bank AG Sydney Branch, UBS AG Australia Branch and Westpac Institutional Bank

Table 8: Treasury Note tender results — 2017–18

Tender date Maturity Face value amount allocated Weighted average issue issue yield Spread to OIS Range of bids accepted Times Covered
($m) (%) (basis points) (basis points)
6-Jul-17 27-Oct-17 500 1.6224 12.32 5.0 3.34
20-Jul-17 27-Oct-17 500 1.6356 13.39 6.0 2.89
3-Aug-17 27-Oct-17 500 1.6703 17.17 5.0 2.66
17-Aug-17 8-Dec-17 500 1.6501 15.08 6.0 3.25
24-Aug-17 8-Dec-17 500 1.6605 15.97 6.0 4.58
7-Sep-17 8-Dec-17 500 1.6630 16.30 4.0 1.00
21-Sep-17 8-Dec-17 500 1.7081 20.38 2.0 3.30
5-Oct-17 8-Dec-17 500 1.7124 20.71 3.0 3.94
19-Oct-17 23-Feb-18 500 1.7198 21.37 4.0 5.98
26-Oct-17 23-Feb-18 1,000 1.7262 22.19 5.0 3.74
9-Nov-17 23-Feb-18 500 1.7173 21.73 6.0 3.85
23-Nov-17 23-Feb-18 500 1.7244 22.94 3.0 4.46
7-Dec-17 27-Apr-18 1,000 1.7242 22.10 4.0 3.56
25-Jan-18 27-Apr-18 500 1.6774 17.21 2.0 5.15
8-Feb-18 27-Apr-18 500 1.6869 18.19 5.0 4.42
22-Feb-18 22-Jun-18 500 1.6924 17.38 6.0 6.06
8-Mar-18 22-Jun-18 500 1.6830 17.21 7.0 3.35
22-Mar-18 22-Jun-18 500 1.7354 23.54 6.0 3.77
5-Apr-18 22-Jun-18 500 1.9444 44.44 15.0 2.53
19-Apr-18 22-Jun-18 500 1.9666 46.66 3.0 5.44
26-Apr-18 24-Aug-18 500 1.9300 42.55 7.0 4.53
10-May-18 24-Aug-18 500 1.8894 38.85 5.0 6.63
24-May-18 24-Aug-18 500 1.8372 33.72 5.0 5.27
7-Jun-18 24-Aug-18 500 1.8809 38.09 8.0 2.85
21-Jun-18 12-Oct-18 500 1.8993 39.77 15.0 5.19
Average over year to June 2018 24.77 5.7 4.07
Average over 3 years to June 2018 13.40 5.7 3.48

Last updated: 3 December 2018