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RESERVE BANK OF AUSTRALIA

Reserve Bank of Australia Annual Report – 2008

Note 5 CAPITAL AND RESERVES
Changes in the RBA's Capital and Reserves are shown below.

  2008
$M		   2007
$M
Asset revaluation reserves      
Gold (Note 1(c))      
Opening balance 1,842   1,991
Net revaluation adjustments 513   (149)
As at 30 June 2,355   1,842
Shares in international financial institutions (Notes 1 (b), 7)      
Opening balance 209   223
Net revaluation adjustments 17   (14)
As at 30 June 226   209
Bank properties, plant and equipment (Notes 1(d), 8)      
Opening balance 188   140
Net revaluation adjustments 38   51
Transfers (to)/from Statement of Distribution -   (3)
As at 30 June 226   188
Total asset revaluation reserves (Note 1(e))      
Opening balance 2,239   2,354
Net revaluation adjustments 568   (112)
Transfers (to)/from Statement of Distribution -   (3)
As at 30 June 2,807   2,239
Unrealised profits reserves      
Reserve for unrealised profits on investments (Note 1(e))      
Opening balance -   2,476
Net transfers (to)/from Statement of Distribution -   (2,476)
As at 30 June -   -
Reserve for unrealised profits on superannuation (Note 1(h))      
Opening balance 53   52
Net transfers (to)/from Statement of Distribution 27   1
As at 30 June 80   53
Total unrealised profits reserves      
Opening balance 53   2,528
Net transfers (to)/from Statement of Distribution 27   (2,475)
As at 30 June 80   53
Reserve Bank Reserve Fund (Note 1(e))
Opening balance 6,286   6,286
Transfers (to)/from Statement of Distribution -   -
As at 30 June 6,286   6,286
Capital
Opening and closing balance 40   40