Reserve Bank of Australia Annual Report – 2016 Financial Statements Note 2 – Net Profit

  Note 2016
$M
2015
$M
Net interest income
Interest income 1(b), 4 2,305 2,165
Interest expense 1(b), 4 (1,112) (1,245)
    1,193 920
Net gains/(losses) on securities and foreign exchange
Foreign investments 1(b) 68 40
Australian dollar securities 1(b) (229) (130)
Foreign currency 1(b) 1,821 6,146
    1,660 6,056
Fees and commissions income
Committed Liquidity Facility fee income 1(j) 390 208
Banking services fee income   100 98
Payment services fee income   18 18
    508 324
Other income
Sales of note and security products   43 41
Rental of Bank premises   9 10
Gain on sale of Securency 1(a) 6 8
Dividend revenue 1(b) 4 4
Other   4 2
    66 65
General administrative expenses
Staff costs   (215) (196)
Net gains/(losses) on employee provisions   (34) 10
Superannuation costs 1(i) (50) (54)
Depreciation of property, plant and equipment 1(e), 8 (34) (32)
Amortisation of computer software 1(f), 7 (5) (4)
Premises and equipment   (50) (47)
Other   (17) (17)
    (405) (340)
Other expenses
Banking service fee expenses   (81) (79)
Materials used in note and security products   (25) (28)
Banknote distribution expenses   (3) (4)
Other   (30) (26)
    (139) (137)
Net Profit   2,883 6,888