Reserve Bank of Australia Annual Report – 2005
Pro Forma Business Accounts
The following sets of accounts for each of the Reserve Bank'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 | |||
|---|---|---|---|---|
| 2003/04 $ million |
2004/05 $ million |
2003/04 $ million |
2004/05 $ million |
|
|
(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 |
||||
| Revenue | ||||
| – Service fees | 15.6 | 16.4 | 0.6 | 0.7 |
| – Other revenue | 3.6 | 3.1 | 0.1 | 0.1 |
| Total | 19.2 | 19.5 | 0.7 | 0.8 |
| Expenditure | ||||
| – Direct costs | 11.6 | 11.5 | 0.4 | 0.4 |
| – Indirect costs | 3.2 | 3.2 | 0.2 | 0.2 |
| Total | 14.8 | 14.7 | 0.6 | 0.6 |
| Net profit/(loss) | 4.4 | 4.8 | 0.1 | 0.2 |
| Net profit/(loss) after taxes(a) | 3.0 | 3.4 | 0.1 | 0.1 |
| Assets(b) | ||||
| – Domestic markets investments | 459.3 | 340.4 | 1.3 | 1.4 |
| – Other assets | 8.2 | 9.5 | 0.1 | 0.1 |
| Total | 467.5 | 349.9 | 1.4 | 1.5 |
| Liabilities(b) | ||||
| – Capital & reserves | 25.0 | 25.0 | 1.0 | 1.0 |
| – Deposits | 437.9 | 319.2 | ||
| – Other liabilities | 4.6 | 5.7 | 0.4 | 0.5 |
| Total | 467.5 | 349.9 | 1.4 | 1.5 |
