Reserve Bank of Australia Annual Report – 1983 Financial Statements Bank Premises and Other Durable Assets

Note 5 Bank premises and other durable assets

Premises

These are included at cost less amounts written off with the approval of the Treasurer in terms of Section 78 of the Reserve Bank Act 1959. In 1982/83, $2,784,000 was written off, compared with $2,657,000 in 1981/82.

Other durable assets

These are included at cost less depreciation, which is calculated at rates appropriate to estimated useful life.