Reserve Bank of Australia Annual Report – 2019 Financial Statements Note 7 – Other Assets

At 30 June 2019, the gross book value of the RBA's computer software amounted to $156.3 million and the accumulated amortisation on these assets was $59.1 million ($140.1 million and $42.5 million, respectively, at 30 June 2018). During 2018/19, there were $16.1 million in net additions to computer software ($30.1 million in 2017/18) and $20.5 million in amortisation expense ($16.5 million in 2017/18). The RBA had contractual commitments of $3.5 million as at 30 June 2019 for the acquisition of computer software ($7.2 million at 30 June 2018).

The RBA completed the sale of its office building in Melbourne in 2018/19, having commenced the sale process in 2017/18 following a review of its property assets and operational requirements. The property was recorded as held for sale at 30 June 2018. The sale of the building for $160 million resulted in a gain of $157 million, of which $106 million reflected gains from earlier periods held in the asset revaluation reserve (Note 5); the balance of this gain, a sum of $51 million, was recognised in net profit in 2018/19.

Other assets predominately include receivables of $31.7 million at 30 June 2019 ($23.5 million at 30 June 2018). None of these assets is impaired. There were no contract assets at 30 June 2019 (Note 1(m)).