Reserve Bank of Australia Annual Report – 1986 Financial Statements Reserves

Note 3 Reserves

  Central
Banking
Business
$'000		 Note
Issue
Department
$'000		 Rural
Credits
Department
$'000		 Total
$'000
Movements in the various reserves are detailed below.
Reserve Bank Reserve Fund
As at 30 June 1985 100,568     100,568
Appropriation from profits in terms of S30 of the Reserve Bank Act 15,000     15,000
As at 30 June 1986 115,568     115,568
Rural Credits Department Reserve Fund
As at 30 June 1985     31,901 31,901
Appropriation from profits in terms of S63 of the Reserve Bank Act     3,100 3,100
As at 30 June 1986     35,001 35,001
Reserve for Contingencies and General Purposes
(see also Note 2)
As at 30 June 1985     79,949 79,949
Transfer from operating earnings with Treasurer's
approval in terms of Section 78 of
the Reserve Bank Act		     15,393 15,393
As at 30 June 1986     95,342 95,342
Asset Revaluation Reserves
Gold
As at 30 June 1985 1,706,442 1,698,235   3,404,677
Net Inter-section transfers (5,451) 5,451   Nil
Net Revaluation adjustments 112,516 129,514   242,030
As at 30 June 1986 1,813,507 1,833,200   3,646,707
Foreign Currency
As at 30 June 1985 2,291,162     2,291,162
Net Revaluation Adjustments 1,300,036     1,300,036
Transfers to earnings (1,351,503)     (1,351,503)
As at 30 June 1986 2,239,695     2,239,695
Investments
As at 30 June 1985 6,834 5,047   11,881
Net Inter-section transfers 4,689 (4,689)   Nil
Net Revaluation Adjustments 67,728 59,834   127,562
Transfers to earnings 1,777 12,360   14,137
As at 30 June 1986 81,028 72,552   153,580
Shares in International Financial Institutions
(See Note 8)
As at 30 June 1985 34,375     34,375
Net Revaluation Adjustments 23,190     23,190
As at 30 June 1986 57,565     57,565
Bank Premises
As at 30 June 1985 142,046 30,528   172,574
Revaluation Adjustments 13,587 22,830   36,417
Transfer to earnings (778) —   (778)
As at 30 June 1986 154,855 53,358   208,213
Total Asset Revaluation Reserves
As at 30 June 1985 4,180,859 1,733,810   5,914,669
Net Inter-section transfers (762) 762   Nil
Net Revaluation Adjustments 1,517,057 212,178   1,729,235
Transfers to earnings (1,350,504) 12,360   (1,338,144)
As at 30 June 1986 4,346,650 1,959,110   6,305,760