Reserve Bank of Australia Annual Report – 2018 Financial Statements Note 7 – Other Assets

At 30 June 2018, the gross book value of the RBA's computer software amounted to $140.1 million and the accumulated amortisation on these assets was $42.5 million ($110.0 million and $27.9 million, respectively, at 30 June 2017). During 2017/18, there were $30.1 million in net additions to computer software ($30.7 million in 2016/17) and $16.5 million in amortisation expense ($10.1 million in 2016/17).

The RBA had contractual commitments of $7.2 million as at 30 June 2018 for the acquisition of computer software ($9.6 million at 30 June 2017).

The RBA has commenced a process for the sale of its office property in Melbourne. The decision to sell the property via market follows a review of the RBA's property assets and its operational requirements. Completion of the sale is expected in the first half of 2018/19. Accordingly, the property has been reclassified as being held for sale, as required by AASB 5, and disclosed as part of Other Assets (see Note 1(k)). The property was disclosed as part of property, plant and equipment at 30 June 2017 (refer to Note 8).

Other assets include receivables of $23.5 million as at 30 June 2018 ($25.9 million at 30 June 2017), none of which is impaired.