Reserve Bank of Australia Annual Report – 1989 Financial Statements Consolidated Profit and Loss Appropriation Statement
For year ended 30 June 1989
| 1988 $'000 |
1989 $'000 |
||
|---|---|---|---|
| Net Profits in terms of the Reserve Bank Act | |||
| — | Central Banking Business | — | |
| 785,565 | Note Issue Department | 140,000 | |
| 4,384 | Rural Credits Department | — | |
| 789,949 | Total (Note 2) | 140,000 | |
| Net Profits appropriated as follows: | |||
| Note Issue Department — | |||
| 785,565 | Commonwealth of Australia | 140,000 | |
| Rural Credits Department — | |||
| 2,192 | Rural Credits Department Reserve Fund | — | |
| 2,192 | Rural Credits Development Fund | — | — |
| 789,949 | Total | 140,000 | |
M.J. Phillips
Deputy Chairman, Reserve Bank Board — 1 August 1989