Reserve Bank of Australia Annual Report – 2019 Financial Statements Note 2 – Net Profit
| Note | 2019 $M |
2018 $M |
|
|---|---|---|---|
| Net interest income | |||
| Interest income | 1(b), 4 | 2,310 | 2,101 |
| Interest expense | 1(b), 4 | (1,034) | (1,200) |
| 1,276 | 901 | ||
| Fees and commissions income | |||
| Committed liquidity facility | 1(k), 1(m) | 368 | 349 |
| Banking services | 1(m) | 123 | 105 |
| Payment services | 1(m) | 27 | 21 |
| 518 | 475 | ||
| Other income | |||
| Sales of banknote and security products | 1(m) | 25 | 42 |
| Rental of Bank premises | 6 | 10 | |
| Dividend revenue | 1(b) | 5 | 4 |
| Other | 1 | 1 | |
| 37 | 57 | ||
| Net gains/(losses) on securities and foreign exchange | |||
| Foreign investments | 1(b) | 166 | (99) |
| Australian dollar securities | 1(b) | (17) | (160) |
| Foreign currency | 1(b) | 3,182 | 3,261 |
| 3,331 | 3,002 | ||
| Net gain on held for sale asset | 1(l) | 51 | – |
| General administrative expenses | |||
| Staff costs | (233) | (226) | |
| Net gains/(losses) on employee provisions | (20) | 12 | |
| Superannuation costs | 1(j) | (52) | (58) |
| Depreciation of property, plant and equipment | 1(e), 8 | (47) | (47) |
| Amortisation of computer software | 1(f), 7 | (21) | (17) |
| Premises and equipment | (67) | (64) | |
| Other | (20) | (21) | |
| (460) | (421) | ||
| Other expenses | |||
| Banking service fees | (104) | (88) | |
| Materials used in banknote and security products | (57) | (45) | |
| Banknote distribution | (2) | (1) | |
| Other | (41) | (33) | |
| (204) | (167) | ||
| Net profit/(loss) | 4,549 | 3,847 | |