Reserve Bank of Australia Annual Report – 1990 Financial Statements Reserves

Note 3 Reserves

  $'000
Balances of, and movements in, the various reserves are detailed below.  
Reserve Bank Reserve Fund
As at 30 June 1989 208,461
Appropriation from profits in terms of section 30 of the Reserve Bank Act —
As at 30 June 1990 208,461
Reserve for Contingencies and General Purposes
As at 30 June 1989 239,743
Transfer from earnings in terms of section 78 of the Reserve Bank Act —
As at 30 June 1990 239,743
Asset Revaluation Reserves
Gold
As at 30 June 1989 3,492,729
Net revaluation adjustments (319,746)
As at 30 June 1990 3,172,983
Foreign currency
As at 30 June 1989 192,734
Net revaluation adjustments (296,574)
Transfers to earnings (18,474)
Transfer from Provision for the Effects of Movements in Exchange Rates ( Note 1(f), 5) 122,314
As at 30 June 1990 nil
Investments
As at 30 June 1989 nil
Net revaluation adjustments (138,438)
Transfers to earnings 61,562
Transfer from Provision for the Effects of Movements in Market Yields ( Note 1(f), 5) 76,876
As at 30 June 1990 nil
Shares in international financial institutions (Note 9)
As at 30 June 1989 42,773
Net revaluation adjustments 356
As at 30 June 1990 43,129
Bank premises (Note 1(d), 6)
As at 30 June 1989 335,366
Net revaluation adjustments — currency translation 2,952
Transfers to earnings —
As at 30 June 1990 338,318
Total Asset Revaluation Reserves
As at 30 June 1989 4,063,602
Net revaluation adjustments (751,450)
Transfers to earnings 43,088
Transfers from provisions 199,190
As at 30 June 1990 3,554,430