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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

24. Notes to the consolidated statement of cash fows (continued)

24.3 Financing arrangements

CONSOLIDATED

2011 2011 2010 2010 Program limit Unused Program limit Unused $m $m $m $m

The Suncorp Group had the following debt programs outstanding at end of the fnancial year:

USD $15 billion program 13,968 7,141 17,859 11,692 USD $5 billion program 4,656 2,561 5,953 5,953 Japanese Yen bond program – – 172 – US144a MTN program 13,968 11,844 17,859 11,198 AUD TCD program 5,000 180 5,033 – 37,592 21,726 46,876 28,843

25. Fair values of fnancial instruments

25.1 Comparison of fair value to carrying amounts

The following fnancial assets and liabilities are recognised and measured at fair value and therefore their carrying value equates to their fair value. The basis for determining their fair values is described in note 25.2. –– trading securities –– investment securities

–– certain short-term offshore borrowings designated as fnancial liabilities at fair value through proft or loss –– derivatives; and

–– managed funds units on issue.

The table below discloses the fair value of fnancial assets and liabilities that are not recognised and measured at fair value, together with the carrying amounts shown in the consolidated fnancial statements.

CONSOLIDATED

2011 2010 Carrying value Fair value Carrying value Fair value Note $m $m $m $m

Financial assets

Cash and cash equivalents 24.2 1,271 1,271 883 883 Receivables due from other banks 24.2 226 226 232 232 Banking loans, advances

and other receivables 7.4 48,639 48,855 51,146 51,319 General Insurance assets 1 6.5 34 34 309 309 Life assets 1 8.5 211 211 163 163

Financial liabilities

Deposits and short-term borrowings 2 7.6 35,018 35,047 32,929 33,104 Payables due to other banks 24.2 31 31 28 28 Payables and other liabilities 3 19 1,922 1,922 2,006 2,006 Securitisation liabilities 7.7 3,532 3,682 4,710 5,149 Debt issues 7.8 10,031 10,079 16,759 17,045 Subordinated notes 20 1,524 1,536 2,182 2,231 Preference shares 7.10 830 850 869 845

Notes

1 Only includes components of General Insurance assets and Life assets that are classifed as fnancial assets. 2 Excludes short-term offshore borrowings designated as fnancial liabilities at fair value through proft or loss. 3 Only includes components of payables and other liabilities that are classifed as fnancial liabilities.