Reserve Bank of Australia Annual Report – 2008
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.
(a) In accordance with competitive neutrality guidelines,
income tax expense has been calculated and transferred to
the Commonwealth as a notional part of the Reserve Bank’s
annual profit distribution.
(b) As at 30 June.
|– Service fees||15.4||15.5||0.6||0.5|
|– Other revenue||5.4||6.0||0.1||0.1|
|– Direct costs||13.1||12.8||0.3||0.3|
|– Indirect costs||3.8||5.3||0.2||0.1|
|Net profit/(loss) after taxes(a)||2.7||2.3||0.1||0.1|
|– Domestic markets investments||365.8||409.4||1.1||1.3|
|– Other assets||8.3||10.1||0.1||0.1|
|– Capital and reserves||25.0||25.0||1.0||1.0|
|– Other liabilities||4.5||6.6||0.2||0.4|