Reserve Bank of Australia Annual Report – 1988 Financial Statements Note 5 Other Liabilities

These include amounts relating to specific provisions. (See Note 1(f).) Balances and movements are shown below.

	Central Banking Business $'000	Note Issue Department $'000	Rural Credits Department $'000	Total $'000
Provision for Accrued Annual Leave
As at 30 June 1987	3,651	1,613	52	5,316
Transfers from Rural Credits Department to Central Bank	52	nil	(52)	nil
Inter section transfers	(94)	94	nil	nil
As at 30 June 1988	3,609	1,707	nil	5,316
Provision for Long Service Leave
As at 30 June 1987	17,968	9,273	540	27,781
Transfers from Rural Credits Department to Central Bank	540	nil	(540)	nil
Charges against provision	(3,126)	(1,492)	nil	(4,618)
Transfers from earnings	655	115	nil	770
As at 30 June 1988	16,037	7,896	nil	23,933
The transfers from Rural Credits Department were related to the transfer of staff previously in the Department. (See Note 10.)
Provision for Notes Not Presented
As at 30 June 1987		35,174		35,174
Notes presented		^*		^*
Transfers from notes on issue		7,872		7,872
As at 30 June 1988		43,046		43,046
^*Less than $500
Provision for the Effects of Movements in Market Yields
As at 30 June 1987	562,000			562,000
Transfer to Investments Revaluation Reserve (See Note 1(f), 3)	(21,874)			(21,874)
Transfer from earnings in terms of Section 78 of the Reserve Bank Act	nil			nil
As at 30 June 1988	540,126			540,126
Provision for the Effects of Movements in Exchange Rates
As at 30 June 1987	762,000			762,000
Transfer to Foreign Currency Revaluation Reserve (See Note 1(f), 3)	(424,488)			(424,488)
Transfer from earnings in terms of Section 78 of the Reserve Bank Act	740,535			740,535
As at 30 June 1988	1,078,047			1,078,047
Provision for Building Repairs and Maintenance
As at 30 June 1987	26,082	3,000		29,082
Charges against provision	(379)	nil		(379)
Transfer from earnings in terms of Section 78 of the Reserve Bank Act	nil	nil		nil
As at 30 June 1988	25,703	3,000		28,703