Reserve Bank of Australia Annual Report – 2003 Pro Forma Business Accounts
The following sets of accounts for each of the RBA's contestable businesses have been prepared in accordance with competitive neutrality guidelines. These accounts do not form part of the audited financial statements.
| Transactional Banking Business | Registry | |||
|---|---|---|---|---|
| 2001/02 $ million |
2002/03 $ million |
2001/02 $ million |
2002/03 $ million |
|
| Revenue | ||||
| – Service fees | 17.4 | 17.1 | 0.8 | 0.7 |
| – Other revenue | 3.8 | 3.6 | 0.1 | 0.1 |
| Total | 21.2 | 20.7 | 0.9 | 0.8 |
| Expenditure | ||||
| – Direct costs | 13.6 | 12.7 | 0.5 | 0.5 |
| – Indirect costs | 3.5 | 3.3 | 0.2 | 0.2 |
| Total | 17.1 | 16.0 | 0.7 | 0.7 |
| Net profit/(loss) | 4.1 | 4.7 | 0.2 | 0.1 |
| Net profit/(loss) after taxes(a) | 2.9 | 3.2 | 0.2 | 0.1 |
| Assets(b) | ||||
| – Domestic market investments | 529.2 | 332.2 | 1.4 | 1.3 |
| – Other assets | 8.8 | 2.9 | 0.1 | 0.1 |
| Total | 538.0 | 335.1 | 1.5 | 1.4 |
| Liabilities(b) | ||||
| – Capital & reserves | 25.0 | 25.0 | 1.0 | 1.0 |
| – Deposits | 506.1 | 306.1 | ||
| – Other liabilities | 6.9 | 4.0 | 0.5 | 0.4 |
| Total | 538.0 | 335.1 | 1.5 | 1.4 |
| (a) In accordance with competitive neutrality guidelines, income tax expense
has been calculated and transferred to the Commonwealth as a notional part
of the RBA's annual profit distribution (b) As at 30 June |
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