Reserve Bank of Australia Annual Report – 2001 Financial Statements Note 2 – Net Profits

Note 2001 $M 2000 $M
Interest revenue
Overseas investments 1(c) 1,480 1,137
Australian dollar securities 1(d) 1,147 1,107
Overnight settlement systems   39 27
Gold loans   17 21
Other   2 4
  2,685 2,296
Net gains/(losses) on securities
Overseas investments   485 (232)
Australian dollar securities   (96) (128)
Foreign currency 1(c) 1,131 1,141
  1,520 781
Dividend revenue
Earnings on shares in Bank for International Settlements 6 3 3
Fees and commissions
Banking services fees received   18 17
Other revenue
Reimbursement by Commonwealth for loan management and registry expenses   1 2
Rental of Bank premises   9 7
Sales of note products   22 55
Other   14 15
  46 79
Total   4,272 3,176
Less:      
Interest expense
Deposit liabilities   702 459
Repurchase agreements 1(e) 253 211
  955 670
General administrative expenses
Staff costs   83 89
Special redundancy/retirement payments 11 3 10
Depreciation of property 7 7 7
Depreciation of plant and equipment 7 9 8
Premises and equipment   25 26
Materials used in note production   10 25
Travel   3 3
Consultants' fees 13 2 2
Other   5 14
  147 184
Other expenses
Agency business reimbursement   1 1
Subsidiary income tax   1 5
Cash distribution expenses   4 8
Other   15 16
  21 30
Total   1,123 884
Net Profit   3,149 2,292