Reserve Bank of Australia Annual Report – 2001 Financial Statements Note 4 – Reserves

Changes in the RBA's various reserves are shown below.

2001 $M 2000 $M
Asset revaluation reserves (Note 1(g))
Gold
Opening balance 1,125 903
Net revaluation adjustments 135 222
As at 30 June 1,260 1,125
Shares in international financial institutions (Note 6)
Opening balance 64 63
Net revaluation adjustments 4 1
As at 30 June 68 64
Bank properties (Notes 1(f), 7)
Opening balance 96 79
Net revaluation adjustments 11 17
Transfers to Statement of Distribution (5)
As at 30 June 102 96
Total asset revaluation reserves
Opening balance 1,285 1,045
Net revaluation adjustments 150 240
Transfers to Statement of Distribution (5)
As at 30 June 1,430 1,285
Unrealised profits reserve (Note 1(g))
Opening balance 1,489
Net transfers from Statement of Distribution 320 1,489
As at 30 June 1,809 1,489
Reserve for Contingencies and General Purposes (Note 1(g))
Opening balance 3,323 3,323
Transfer to Reserve Bank Reserve Fund (3,323)
Closing balance 3,323
Reserve Bank Reserve Fund (Note 1(g))
Opening balance 2,829 2,829
Transfer from Reserve for Contingencies and General Purposes 3,323
Closing balance 6,152 2,829
Capital
Opening and closing balance 40 40
Total capital and reserves
Opening balance 8,966 7,237
Net profit plus net revaluation adjustments in asset revaluation reserves 3,299 2,532
Distribution to Commonwealth of Australia (2,834) (803)
Closing balance 9,431 8,966