Reserve Bank of Australia Annual Report – 1998 Financial Statements Balance Sheet
as at 30 June 1998
Reserve Bank of Australia
| 1997 $'000 | 1998 $'000 | |
|---|---|---|
| Liabilities | ||
| Capital | 40,000 | 40,000 |
| Reserves: | ||
| Reserve Bank Reserve Fund (Notes 1(f), 3) | 2,281,380 | 2,829,277 |
| Reserve for Contingencies and General Purposes (Notes 1(f), 3) | 3,322,946 | 3,322,946 |
| Unrealised Profits Reserve (Notes 1(f), 3, 16) | 662,430 | 2,349,036 |
| Asset revaluation reserves (Notes 1(f), 3, 16) | 1,728,285 | 1,287,246 |
| Capital and reserves | 8,035,041 | 9,828,505 |
| Australian notes on issue (Note 1(h)) | 20,063,976 | 21,650,623 |
| Deposits by: | ||
| Banks: | ||
| Non-callable deposits | 4,361,441 | 4,681,696 |
| Exchange settlement accounts | 9,235,175 | 5,019,291 |
| Government and government instrumentalities: | ||
| Commonwealth | 5,164,193 | 755,632 |
| State | 317,676 | 364,918 |
| Foreign governments, foreign institutions and international organisations | 83,213 | 68,477 |
| Other depositors | 120,013 | 182,668 |
| Other liabilities: | ||
| Profit distribution payable to Commonwealth of Australia | 1,700,000 | 2,725,983 |
| Provisions (Notes 1(g), 4) | 77,004 | 77,944 |
| Other (Note 5) | 1,767,359 | 1,953,837 |
| Total | 50,925,091 | 47,309,574 |
| Assets | ||
| Gold and foreign exchange (Note 1(b)): | ||
| Gold | 1,757,281 | 1,236,577 |
| Foreign exchange (Note 15) | 21,590,124 | 24,197,457 |
| Domestic government securities (Notes 1(c), 15) | 25,406,665 | 21,012,026 |
| Loans, advances and bills discounted | 107,049 | 95,441 |
| Bank premises and other durable assets (Notes 1(e), 6) | 268,211 | 273,793 |
| Clearing items (remittances in transit, cheques and bills of other banks) (Note 7) | 1,591,013 | 284,446 |
| Australian notes and coin | 79,040 | 85,041 |
| Other assets (Note 8) | 125,708 | 124,793 |
| Total | 50,925,091 | 47,309,574 |
IJ Macfarlane
Chairman, Reserve Bank Board
6
August 1998