Reserve Bank of Australia Annual Report – 2017 Pro Forma Business Accounts

The following set of accounts for the Reserve Bank's contestable business have been prepared in accordance with competitive neutrality guidelines. These accounts do not form part of the audited financial statements.

Transactional Banking
  2015/16
$ million
2016/17
$ million
Revenue
– Service fees 99.8 105.7
– Other revenue 3.8 3.5
Total 103.6 109.2
Expenditure
– Direct costs 95.3 104.9
– Indirect costs 0.0 0.0
Total 95.3 104.9
Net profit/(loss) 8.3 4.3
Net profit/(loss) after taxes(a) 6.0 3.4
Assets(b)
– Domestic markets investments 1,573.7 1,354.8
– Other assets 34.8 39.8
Total 1,608.5 1,394.6
Liabilities(b)
– Capital & reserves 25.0 25.0
– Deposits 1,565.2 1,351.2
– Other liabilities 18.3 18.4
Total 1,608.5 1,394.6

(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

Source: RBA