Reserve Bank of Australia Annual Report – 1976 Financial Statements Aggregate Profit and Loss Appropriation Statement
For Year Ended 30 June 1976
| $'000 | |||
|---|---|---|---|
| 1976 | 1975 | ||
| Net profits appropriated as follows: | |||
| Central Banking Business | |||
| Commonwealth of Australia | 25,000 | – | |
| Note Issue Department | |||
| Commonwealth of Australia | 55,000 | – | |
| Rural Credits Department | |||
| Rural Credits Department Reserve Fund | 1,150 | 1,080 | |
| Rural Credits Development Fund | 1,150 | 1,080 | |
| 2,300 | |||
| Total | 82,300 | 2,160 | |
| $'000 | ||
|---|---|---|
| Assets | 1976 | 1975 |
| Gold and foreign exchange (Note 2) | ||
| Gold | 239,052 | 237,952 |
| International Monetary Fund special drawing rights | 37,176 | 89,287 |
| Foreign exchange holdings | 2,145,739 | 3,010,077 |
| Australian government securities (Note 3) | ||
| Treasury bills | 850,000 | – |
| Treasury notes | 14,613 | 21,508 |
| Other Commonwealth securities | 1,842,083 | 1,206,215 |
| Loans, advances and bills discounted | 658,647 | 440,326 |
| Bank premises (Note 4) | 56,463 | 52,658 |
| Clearing items (remittances in transit, cheques and bills of other banks) | 272,650 | 241,890 |
| Other assets (Note 5) | 77,118 | 56,429 |
| Unfunded adjustments arising from fluctuations in exchange rates (Note 7) | 177,225 | 368,480 |
| Total | 6,370,766 | 5,724,822 |
H.M. Knight, Chairman, Reserve Bank Board – 30 July 1976
| $'000 | ||
|---|---|---|
| 1976 | 1975 | |
| Net profits (after deducting amounts written off bank premises and amounts provided for contingencies) (Notes 4 and 6) | ||
| Central Banking Business | 25,000 | – |
| Note Issue Department | 55,000 | – |
| Rural Credits Department | 2,300 | 2,160 |
| Total | 82,300 | 2,160 |
H.M. Knight, Chairman, Reserve Bank Board – 30 July 1976