Reserve Bank of Australia Annual Report – 2017 Financial Statements Note 2 – Net Profit

  Note 2017
$M
2016
$M
Net interest income
Interest income 1(b), 4 2,109 2,305
Interest expense 1(b), 4 (1,086) (1,112)
    1,023 1,193
Fees and commissions income
Committed Liquidity Facility 1(j) 347 390
Banking services   106 100
Payment services   20 18
    473 508
Other income
Sales of note and security products   32 43
Rental of Bank premises   9 9
Dividend revenue 1(b) 5 4
Other   4 10
    50 66
Net gains/(losses) on securities and foreign exchange
Foreign investments 1(b) (169) 68
Australian dollar securities 1(b) (400) (229)
Foreign currency 1(b) (1,288) 1,821
    (1,857) 1,660
General administrative expenses
Staff costs   (218) (215)
Net gains/(losses) on employee provisions   20 (34)
Superannuation costs 1(i) (77) (50)
Depreciation of property, plant and equipment 1(e), 8 (41) (34)
Amortisation of computer software 1(f), 7 (10) (5)
Premises and equipment   (61) (50)
Other   (19) (17)
    (406) (405)
Other expenses
Banking service fees   (89) (81)
Materials used in note and security products   (49) (25)
Banknote distribution   (2) (3)
Other   (40) (30)
    (180) (139)
Net Profit/(Loss)   (897) 2,883