Year in Review

A pre-tax operating profit of $45.7m, with strong contribution across all business activities.Continued strong demand for TCorp’s Global Exchangeable Bonds, with outstandings rising to a record $14.4bn by year end.Successful launch of the new 1 October 2009 Benchmark Bond Series.Continued growth in TCorp’s debt management activities, with new clients added over the year, increasing the size of managed client portfolios to over $19 bn.Broad range of advisory work for NSW Treasury and government agencies, on a range of public-private partnership projects, and other financing arrangements.Strong business growth and excellent absolute returns from Investment Facilities products, reflecting strong equity market performance.Successful transfer of $7.1bn in funds from the General Government Liability Management Fund over to SAS Trustee Corporation during the year.