Reserve Bank of Australia Annual Report – 1992 Financial Statements Reserves
Note 3 Reserves
| 1990/91 $'000 | 1991/92 $'000 | |
|---|---|---|
| Balances of, and movements in, the various reserves are detailed below. | ||
| Reserve Bank Reserve Fund | ||
| 208,461 | Opening balance | 293,461 |
| 85,000 | Appropriation from profits in terms of section 30 of the Reserve Bank Act | 200,000 |
| 293,461 | As at 30 June | 493,461 |
| Reserve for Contingencies and General Purposes (Note 1(e), 5) | ||
| 239,743 | Opening balance | 2,205,699 |
| 583,313 | Transfer from Provision for the Effects of Movements in Market Yields | – |
| 1,282,643 | Transfer from Provision for the Effects of Movements in Exchange Rates | – |
| 100,000 | Transfer from earnings in terms of section 78 of the Reserve Bank Act ( Note 2) | – |
| 2,205,699 | As at 30 June | 2,205,699 |
| Asset Revaluation Reserves | ||
| Gold | ||
| 3,172,983 | Opening balance | 3,436,136 |
| 263,153 | Net revaluation adjustments | (166,295) |
| 3,436,136 | As at 30 June | 3,269,841 |
| Foreign Currency | ||
| (Covers effects of exchange rate movements on investments held in foreign currencies) | ||
| nil | Opening balance | 549,147 |
| 494,212 | Net revaluation adjustments | 1,927,113 |
| 54,935 | Transfers to earnings as realised (gains)/losses | (293,875) |
| 549,147 | As at 30 June | 2,182,385 |
| Investments | ||
| (Covers changes in prices of securities in their local market) | ||
| nil | Opening balance | nil |
| 41,296 | Net revaluation adjustments | 874,362 |
| (122,057) | Transfers to earnings as – realised (gains)/losses | (383,167) |
| 80,761 | – unrealised losses (end year) | – |
| nil | As at 30 June | 491,195 |
| Shares in International Financial Institutions (Note 9) | ||
| 43,129 | Opening balance | 37,171 |
| (5,958) | Net revaluation adjustments | (2,288) |
| 37,171 | As at 30 June | 34,883 |
| Bank Premises (Note 1(d), 6) | ||
| 338,318 | Opening balance | 336,707 |
| (1,514) | Net revaluation adjustments (including currency translation) | (158,234) |
| (97) | Transfers to earnings as realised (gains)/losses | – |
| 336,707 | As at 30 June | 178,473 |
| Total Asset Revaluation Reserves | ||
| 3,554,430 | Opening balance | 4,359,161 |
| 791,189 | Net revaluation adjustments | 2,474,658 |
| (67,219) | Transfers to earnings as – realised (gains)/losses | (677,042) |
| 80,761 | – unrealised losses (end year) (Note 1(e), 2) |
– |
| 4,359,167 | As at 30 June | 6,156,777 |