Reserve Bank of Australia Annual Report – 2008 Pro Forma Business Accounts

The following sets of accounts for each of the Reserve Bank's contestable businesses have been prepared in accordance with competitive neutrality guidelines. These accounts do not form part of the audited financial statements.

Transactional Banking Registry
2006/07
$ million
2007/08
$ million
2006/07
$ million
2007/08
$ million
Revenue          
– Service fees 15.4 15.5   0.6 0.5
– Other revenue 5.4 6.0   0.1 0.1
Total 20.8 21.5   0.7 0.6
Expenditure          
– Direct costs 13.1 12.8   0.3 0.3
– Indirect costs 3.8 5.3   0.2 0.1
Total 16.9 18.1   0.5 0.4
Net profit/(loss) 3.9 3.4   0.2 0.2
Net profit/(loss) after taxes(a) 2.7 2.3   0.1 0.1
Assets(b)          
– Domestic markets investments 365.8 409.4   1.1 1.3
– Other assets 8.3 10.1   0.1 0.1
Total 374.1 419.5   1.2 1.4
Liabilities(b)          
– Capital and reserves 25.0 25.0   1.0 1.0
– Deposits 344.6 387.9      
– Other liabilities 4.5 6.6   0.2 0.4
Total 374.1 419.5   1.2 1.4
(a) In accordance with competitive neutrality guidelines, income tax expense has been calculated and transferred to the Commonwealth as a notional part of the Reserve Bank's annual profit distribution.
(b) As at 30 June.