Reserve Bank of Australia Annual Report – 2013 Financial Statements Note 4 – Interest Revenue and Interest Expense
Analysis for the year ended 30 June 2013
| Average balance |
Interest | Average annual interest rate |
|
|---|---|---|---|
| $M | $M | % | |
| Interest revenue | |||
| Foreign investments | 41,439 | 213 | 0.5 |
| Australian dollar securities | 36,738 | 1,398 | 3.8 |
| Overnight settlements | 1,029 | 30 | 2.9 |
| Loans, advances and other | 20 | 1 | 2.9 |
| 79,226 | 1,642 | 2.1 | |
| Interest expense | |||
| Exchange Settlement balances | 1,120 | 32 | 2.9 |
| Deposits from governments | 17,891 | 552 | 3.1 |
| Deposits from overseas institutions | 1,223 | 29 | 2.3 |
| Currency note holdings of banks | 3,112 | 89 | 2.9 |
| Foreign repurchase agreements | 1,884 | 1 | 0.0 |
| Australian dollar repurchase agreements | 73 | 2 | 3.1 |
| Cash collateral received | 156 | 2 | 3.0 |
| Other deposits | 29 | 1 | 1.9 |
| 25,488 | 708 | 2.8 | |
| Analysis for the year ended 30 June 2012 | |||
| Interest revenue total | 75,837 | 1,875 | 2.5 |
| Interest expense total | 22,890 | 889 | 3.9 |
Interest revenue for 2012/13 includes $857 million calculated using the effective interest method for financial assets not at fair value through profit and loss ($1,138 million in 2011/12). Interest expense for 2012/13 includes $708 million calculated using the effective interest method for financial liabilities not at fair value through profit and loss ($889 million in 2011/12).