Reserve Bank of Australia Annual Report – 1980 Financial Statements Aggregate Profit and Loss Appropriation Statement
Aggregate Profit and Loss Appropriation Statement for the Year Ended 30 June 1980
| 1980 $'000 |
1979 $'000 |
||
|---|---|---|---|
| Net profits appropriated as follows: | |||
| Central Banking Business — | |||
| Commonwealth of Australia | 62,687 | 23,614 | |
| Note Issue Department — | |||
| Commonwealth of Australia | 185,000 | 187,798 | |
| Rural Credits Department — | |||
| Rural Credits Department Reserve Fund | 1,650 | 1,500 | |
| Rural Credits Development Fund | 1,650 | 3,300 | 1,500 |
| Total | 250,987 | 214,412 | |
| Assets | 1980 $'000 |
1979 $'000 |
|---|---|---|
| Gold and foreign exchange (Note 2) — | ||
| Gold | 4,116,827 | 1,939,385 |
| International Monetary Fund special drawing rights | 30,113 | 194,564 |
| Foreign exchange holdings | 1,357,319 | 1,572,870 |
| Australian government securities (Note 3) — | ||
| Treasury bills | 2,500,000 | 2,000,000 |
| Treasury notes | 385,210 | 415,170 |
| Other Commonwealth securities | 2,312,421 | 2,758,056 |
| Loans, advances and bills discounted | 608,336 | 613,645 |
| Bank premises (Note 4) | 112,100 | 89,894 |
| Clearing items (remittances in transit, cheques and bills of other banks) | 465,750 | 543,782 |
| Australian notes and coin | 36,572 | 32,877 |
| Other assets | 82,488 | 86,297 |
| Total | 12,007,136 | 10,246,540 |
H.M. Knight
Chairman, Reserve Bank Board — 1 August
1980
| 1980 $'000 |
1979 $'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 | 62,687 | 23,614 |
| Note Issue Department | 185,000 | 187,798 |
| Rural Credits Department | 3,300 | 3,000 |
| Total | 250,987 | 214,412 |
H.M. Knight
Chairman, Reserve Bank Board — 1 August
1980