Reserve Bank of Australia Annual Report – 1988 Financial Statements Note 5 Other Liabilities

These include amounts relating to specific provisions. (See Note 1(f).) Balances and movements are shown below.

  Central
Banking
Business
$'000
Note
Issue
Department
$'000
Rural
Credits
Department
$'000
Total
$'000
Provision for Accrued Annual Leave
As at 30 June 1987 3,651 1,613 52 5,316
Transfers from Rural Credits Department to Central Bank 52 nil (52) nil
Inter section transfers (94) 94 nil nil
As at 30 June 1988 3,609 1,707 nil 5,316
Provision for Long Service Leave
As at 30 June 1987 17,968 9,273 540 27,781
Transfers from Rural Credits Department to Central Bank 540 nil (540) nil
Charges against provision (3,126) (1,492) nil (4,618)
Transfers from earnings 655 115 nil 770
As at 30 June 1988 16,037 7,896 nil 23,933
The transfers from Rural Credits Department were related to the transfer of staff previously in the Department. (See Note 10.)
Provision for Notes Not Presented
As at 30 June 1987   35,174   35,174
Notes presented   *   *
Transfers from notes on issue   7,872   7,872
As at 30 June 1988   43,046   43,046
*Less than $500
Provision for the Effects of Movements
in Market Yields
As at 30 June 1987 562,000     562,000
Transfer to Investments Revaluation Reserve
(See Note 1(f), 3)
(21,874)     (21,874)
Transfer from earnings in terms of Section 78 of the
Reserve Bank Act
nil     nil
As at 30 June 1988 540,126     540,126
Provision for the Effects of Movements
in Exchange Rates
As at 30 June 1987 762,000     762,000
Transfer to Foreign Currency Revaluation Reserve
(See Note 1(f), 3)
(424,488)     (424,488)
Transfer from earnings in terms of Section 78 of the
Reserve Bank Act
740,535     740,535
As at 30 June 1988 1,078,047     1,078,047
Provision for Building Repairs and Maintenance
As at 30 June 1987 26,082 3,000   29,082
Charges against provision (379) nil   (379)
Transfer from earnings in terms of Section 78 of the
Reserve Bank Act
nil nil   nil
As at 30 June 1988 25,703 3,000   28,703