Reserve Bank of Australia Annual Report – 1979 Financial Statements Aggregate Profit and Loss Appropriation Statement
For Year Ended 30 June 1979
| 1979 $'000 |
1978 $'000 |
|||
|---|---|---|---|---|
| Net profits appropriated as follows: | ||||
| Central Banking Business— | ||||
| Commonwealth of Australia | 23,614 | 21,044 | ||
| Note Issue Department— | ||||
| Commonwealth of Australia | 187,798 | 161,812 | ||
| Rural Credits Department— | ||||
| Rural Credits Department Reserve Fund | 1,500 | 1,300 | ||
| Rural Credits Development Fund | 1,500 | 3,000 | 1,300 | |
| Total | 214,412 | 185,456 | ||
| 1979 $'000 |
1978 $'000 |
||
|---|---|---|---|
| Assets | |||
| Gold and foreign exchange (Note 2)— | |||
| Gold | 1,939,385 | 1,224,797 | |
| International Monetary Fund special drawing rights | 194,564 | 112,985 | |
| Foreign exchange holdings | 1,572,870 | 1,709,860 | |
| Australian government securities (Note 3)— | |||
| Treasury bills | 2,000,000 | 1,500,000 | |
| Treasury notes | 415,170 | 162,359 | |
| Other Commonwealth securities | 2,758,056 | 2,703,471 | |
| Loans, advances and bills discounted | 613,645 | 707,011 | |
| Bank premises (Note 4) | 89,894 | 72,479 | |
| Clearing items (remittances in transit, cheques and bills of other banks) | 543,782 | 371,015 | |
| Australian notes and coin | 32,877 | 29,092 | |
| Other assets | 86,297 | 85,732 | |
| Total | 10,246,540 | 8,678,801 | |
H.M. Knight
Chairman, Reserve Bank Board—30 July 1979
| 1979 $'000 |
1978 $'000 |
||
|---|---|---|---|
| Net profits (after deducting amounts written off bank premises and amounts provided for contingencies and general purposes) (Notes 1, 4 and 5)— | |||
| Central Banking Business | 23,614 | 21,044 | |
| Note Issue Department | 187,798 | 161,812 | |
| Rural Credits Department | 3,000 | 2,600 | |
| Total | 214,412 | 185,456 | |
H.M. Knight
Chairman, Reserve Bank Board—30 July 1979