Reserve Bank of Australia Annual Report – 2001 Financial Statements Note 4 – Reserves
Changes in the RBA's various reserves are shown below.
2001 $M | 2000 $M | |
---|---|---|
Asset revaluation reserves (Note 1(g)) | ||
Gold | ||
Opening balance | 1,125 | 903 |
Net revaluation adjustments | 135 | 222 |
As at 30 June | 1,260 | 1,125 |
Shares in international financial institutions (Note 6) | ||
Opening balance | 64 | 63 |
Net revaluation adjustments | 4 | 1 |
As at 30 June | 68 | 64 |
Bank properties (Notes 1(f), 7) | ||
Opening balance | 96 | 79 |
Net revaluation adjustments | 11 | 17 |
Transfers to Statement of Distribution | (5) | – |
As at 30 June | 102 | 96 |
Total asset revaluation reserves | ||
Opening balance | 1,285 | 1,045 |
Net revaluation adjustments | 150 | 240 |
Transfers to Statement of Distribution | (5) | – |
As at 30 June | 1,430 | 1,285 |
Unrealised profits reserve (Note 1(g)) | ||
Opening balance | 1,489 | – |
Net transfers from Statement of Distribution | 320 | 1,489 |
As at 30 June | 1,809 | 1,489 |
Reserve for Contingencies and General Purposes (Note 1(g)) | ||
Opening balance | 3,323 | 3,323 |
Transfer to Reserve Bank Reserve Fund | (3,323) | – |
Closing balance | – | 3,323 |
Reserve Bank Reserve Fund (Note 1(g)) | ||
Opening balance | 2,829 | 2,829 |
Transfer from Reserve for Contingencies and General Purposes | 3,323 | – |
Closing balance | 6,152 | 2,829 |
Capital | ||
Opening and closing balance | 40 | 40 |
Total capital and reserves | ||
Opening balance | 8,966 | 7,237 |
Net profit plus net revaluation adjustments in asset revaluation reserves | 3,299 | 2,532 |
Distribution to Commonwealth of Australia | (2,834) | (803) |
Closing balance | 9,431 | 8,966 |