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