Reserve Bank of Australia Annual Report – 1983 Financial Statements Reserves for Contingencies and General Purposes
Note 6 Reserves for contingencies and general purposes
Movements in these reserves over 1982/83 are set out in the following table.
Amounts provided for contingencies from operating earnings have been approved by the Treasurer in terms of Section 78 of the Reserve Bank Act 1959.
| Central Banking Business $'000 |
Note Issue Department $'000 |
Rural Credits Department $'000 |
Total $'000 |
|
|---|---|---|---|---|
| Credits from: | ||||
| Appropriations of operating earnings | 20,000 | 30,000 | 7,706 | 57,706 |
| Revaluation of gold | 480,021 | 820,849 | — | 1,300,870 |
| Net exchange valuation surplus | 124,122 | 330,784 | — | 454,906 |
| Net bond dealing gains | 5,114 | 8,054 | — | 13,168 |
| Net sundry items | 14 | 4 | — | 18 |
| 629,271 | 1,189,691 | 7,706 | 1,826,668 | |
| Debits from: | ||||
| Establishment of provision for accrued annual leave (see Note 10) | 2,556 | 1,066 | 104 | 3,726 |
| Net movement 1982/83 | 626,715 | 1,188,625 | 7,602 | 1,822,942 |