Reserve Bank of Australia Annual Report – 1999 Financial Statements Note 4 – Reserves

1999 $M 1998 $M
Changes in the Bank's various
Reserves are shown below.		    
Unrealised Profits Reserve (Note 1(g))
Opening balance 2,349 662
Net transfers from (to)
Profit and Loss Appropriation		 (2,349) 1,687
As at 30 June – 2,349
Asset revaluation reserves (Note 1(g))
Gold
Opening balance 1,130 1,589
Net revaluation adjustments (227) 89
Transfers to Profit and Loss Appropriation
– realised (gains)/losses		 – (548)
As at 30 June 903 1,130
Shares in international financial institutions (Note 6)
Opening balance 77 68
Net revaluation adjustments (14) 9
As at 30 June 63 77
Bank properties (Note 1(f), 7)
Opening balance 80 71
Net revaluation adjustments – 19
Transfers to Profit and Loss Appropriation
– realised (gains)/losses		 (1) (10)
As at 30 June 79 80
Total asset revaluation reserves
Opening balance 1,287 1,728
Net revaluation adjustments (241) 117
Transfers to Profit and Loss Appropriation
– realised (gains)/losses		 (1) (558)
As at 30 June 1,045 1,287
Reserve for Contingencies and General Purposes (Note 1(g))
Opening and closing balance 3,323 3,323
Reserve Bank Reserve Fund (Note 1(g))
Opening balance 2,829 2,281
Appropriation from profits in terms
of section 30 of the Reserve Bank Act		 – 548
As at 30 June 2,829 2,829