Reserve Bank of Australia Annual Report – 2004 Financial Statements Statement of Financial Performance

Statement of Financial Performance For the year ended 30 June 2004
Reserve Bank of Australia and Controlled Entities

Note 2004 $M 2003 $M
REVENUES
Interest revenue 2 1,889 2,175
Net gains on securities and foreign exchange 2 1,073 935
Dividend revenue 2 4 3
Fees and commissions 2 18 20
Other revenue 2 92 37
Total revenue   3,076 3,170
EXPENSES
Interest expense 2 929 804
General administrative expenses 2 165 170
Other expenses 2 27 23
Total expenses   1,121 997
Net Profit   1,955 2,173
Net revaluation adjustments in asset revaluation reserves 1(h), 5 181 (5)
Net profit plus net revaluation adjustments in asset revaluation reserves   2,136 2,168