Reserve Bank of Australia Annual Report – 1988 Financial Statements Consolidated Profit and Loss Appropriation Statement
For year ended 30 June 1988
| RESERVE BANK OF AUSTRALIA | |||
|---|---|---|---|
| 1987 $'000 |
1988 $'000 |
||
| Net Profits in terms of the Reserve Bank Act | |||
| 1,507,508 | Central Banking Business | — | |
| 1,161,549 | Note Issue Department | 785,565 | |
| 7,044 | Rural Credits Department | 4,384 | |
| 2,676,101 | Total (Note 2) | 789,949 | |
| Net Profits appropriated as follows: | |||
| Central Banking Business — | |||
| 15,000 | Reserve Bank Reserve Fund | — | |
| 1,492,508 | Commonwealth of Australia | — | — |
| Note Issue Department — | |||
| 1,161,549 | Commonwealth of Australia | 785,565 | |
| Rural Credits Department — | |||
| 3,522 | Rural Credits Department Reserve Fund | 2,192 | |
| 3,522 | Rural Credits Development Fund | 2,192 | 4,384 |
| 2,676,101 | Total | 789,949 | |
R.A. Johnston
Chairman, Reserve Bank Board — 29 July 1988