Reserve Bank of Australia Annual Report – 1977 Financial Statements Aggregate Profit and Loss Appropriation Statement

For Year Ended 30 June 1977

  $'000
  1977 1976
Net profits appropriated as follows:
Central Banking Business      
Commonwealth of Australia   14,832 25,000
Note Issue Department      
Commonwealth of Australia   111,168 55,000
Rural Credits Department      
Rural Credits Department Reserve Fund 1,200   1,150
Rural Credits Development Fund 1,200 2,400 1,150
Total   128,400 82,300
  $'000
Assets 1977 1976
Gold and foreign exchange (Note 2)
Gold 274,237 239,052
International Monetary Fund special drawing rights 26,877 37,176
Foreign exchange holdings 2,165,458 2,145,739
Australian government securities (Note 3)
Treasury bills 1,300,000 850,000
Treasury notes 133,524 14,613
Other Commonwealth securities 2,771,632 1,842,083
Loans, advances and bills discounted 975,011 658,647
Bank premises (Note 4) 65,575 56,463
Clearing items (remittances in transit,
cheques and bills of other banks)		 237,384 272,650
Other assets (Note 5) 106,770 77,118
Unfunded adjustments arising from fluctuations
in exchange rates (Note 7)		 53,386 177,225
Total 8,109,854 6,370,766

H.M. Knight, Chairman, Reserve Bank Board – 29 July 1977

  1977 1976
Net profits (after deducting amounts written off bank premises and amounts provided for contingencies and general purposes) (Notes 1, 4 and 6)    
Central Banking Business 14,832 25,000
Note Issue Department 111,168 55,000
Rural Credits Department 2,400 2,300
Total 128,400 82,300

H.M. Knight, Chairman, Reserve Bank Board – 29 July 1977