Reserve Bank of Australia Annual Report – 2020 Financial Statements Note 2 – Net Profit
| Note | 2020 $M |
2019 $M |
|
|---|---|---|---|
| Net interest income | |||
| Interest income | 1(b), 4 | 1,944 | 2,310 |
| Interest expense | 1(b), 4 | (446) | (1,034) |
| 1,498 | 1,276 | ||
| Fees and commissions income | |||
| Committed liquidity facility | 1(k), 1(m) | 373 | 368 |
| Banking services | 1(m) | 115 | 123 |
| Payment services | 1(m) | 33 | 27 |
| 521 | 518 | ||
| Other income | |||
| Sales of banknote and security products | 1(m) | 33 | 25 |
| Rental of Bank premises | 5 | 6 | |
| Dividend revenue | 1(b) | – | 5 |
| Other | 6 | 1 | |
| 44 | 37 | ||
| Net gains/(losses) on securities and foreign exchange | |||
| Foreign investments | 1(b) | 212 | 166 |
| Australian dollar securities | 1(b) | (435) | (17) |
| Foreign currency | 1(b) | 1,312 | 3,182 |
| 1,089 | 3,331 | ||
| Net gain on held for sale asset | 1(l) | – | 51 |
| General administrative expenses | |||
| Staff costs | (246) | (233) | |
| Net gains/(losses) on employee provisions | 7 | (20) | |
| Superannuation costs | 1(j) | (71) | (52) |
| Depreciation of property, plant and equipment | 1(e), 8 | (52) | (47) |
| Amortisation of computer software | 1(f), 7 | (24) | (21) |
| Premises and equipment | (73) | (67) | |
| Other | (15) | (20) | |
| (474) | (460) | ||
| Other expenses | |||
| Banking service fees | (97) | (104) | |
| Materials used in banknote and security products | (51) | (57) | |
| Banknote distribution | (2) | (2) | |
| Other | (40) | (41) | |
| (190) | (204) | ||
| Net profit/(loss) | 2,488 | 4,549 | |