Reserve Bank of Australia Annual Report – 2012 Financial Statements Note 7 – Loans, Advances and Other Assets

The Reserve Bank of Australia holds a share of 50 per cent in Securency International Pty Ltd (formerly Securency Pty Ltd), which is incorporated in Victoria, Australia, and whose principal activity is the marketing and manufacture of polymer substrate. The Bank jointly controls Securency International (Securency) with a joint-venture partner.

As outlined in Note 1, the RBA is seeking to divest its half interest in Securency, which is classified as held for sale in accordance with AABS 5 – Non Current Assets Held for Sale and Discontinued Operations.

During 2011/12, the RBA acquired $3.0 million of computer software and intangibles ($4.8 million in 2010/11) and amortised $2.3 million ($2.2 million in 2010/11). At 30 June 2012 the gross book value of the RBA's computer software and intangibles amounted to $27.1 million and accumulated amortisation on these assets was $10.9 million ($23.2 million and $9.6 million, respectively, at 30 June 2011). The RBA had no contractual commitments as at 30 June 2012 for the acquisition of computer software and intangibles ($0.6 million at 30 June 2011).

As at 30 June 2012, other assets included receivables of $32.2 million, none of which are impaired (at 30 June 2011 other assets included receivables of $33.3 million).