Reserve Bank of Australia Annual Report – 1999 Financial Statements Profit and Loss Appropriation Statement
For year ended 30
June 1999
Reserve Bank of Australia and controlled entities
| Note | 1999 $M | 1998 $M | |
|---|---|---|---|
| Net Profit | 2 | 1,326 | 4,403 |
| Net transfers from/(to) Unrealised Profits Reserve | 4 | 2,349 | (1,687) |
| Transfer from asset revaluation reserves | 4 | 1 | 558 |
| Earnings available for distribution | 3,676 | 3,274 | |
| Earnings applied: | |||
| Reserve Bank Reserve Fund | 4 | – | 548 |
| Reserve for Contingencies and General Purposes | 4 | – | – |
| Commonwealth of Australia | 3,676 | 2,726 | |
| Total | 3,676 | 3,274 | |