Reserve Bank of Australia Annual Report – 1978 Financial Statements Note 7 Transfers in reduction of unfunded adjustments arising from fluctuations in exchange rates
| Central Banking Business | Note Issue Department | Total | ||||
|---|---|---|---|---|---|---|
| 1978 $000 |
1977 $'000 |
1978 $000 |
1977 $'000 |
1978 $000 |
1977 $'000 |
|
| Transfers from: | ||||||
| Reserves for contingencies and general purposes | – | 4,937 | 396 | 32,535 | 396 | 37,472 |
| Exchange valuation gains (see Note 8) | 9,001 | 28,613 | 43,989 | 57,754 | 52,990 | 86,367 |
| 9,001 | 33,550 | 44,385 | 90,289 | 53,386 | 123,839 | |
During the year unfunded exchange valuation adjustments were completely cleared by transfer of exchange valuation gains made during the year and, additionally in the case of Note Issue Department accounts, by transfer of $0.4 million from reserves for contingencies and general purposes.