Reserve Bank of Australia Annual Report – 2000 Financial Statements Note 2 – Net Profits
| Note | 2000 $M | 1999 $M | |
|---|---|---|---|
| Interest revenue | |||
| Overseas investments | 1(c) | 1,133 | 963 |
| Domestic government securities | 1(d) | 1,107 | 1,199 |
| Loans and advances | 8 | 5 | |
| Overnight settlement systems | 27 | 19 | |
| Gold loans | 21 | 18 | |
| 2,296 | 2,204 | ||
| Net gains/(losses) on securities | |||
| Overseas investments | (232) | (106) | |
| Domestic government securities | (128) | (276) | |
| Foreign currency | 1(c) | 1,141 | (108) |
| 781 | (490) | ||
| Dividend revenue | |||
| Earnings on shares in Bank for International Settlements | 6 | 3 | 3 |
| Fees and commissions | |||
| Banking services fees received | 17 | 21 | |
| Other revenue | |||
| Reimbursement by Commonwealth for loan management and registry expenses | 2 | 2 | |
| Rental of Bank premises | 7 | 7 | |
| Sales of note products | 55 | 14 | |
| Gain on sale of plant and equipment | – | 1 | |
| Australian notes on issue write-off | 1(i) | – | 19 |
| Other | 15 | 13 | |
| 79 | 56 | ||
| Total | 3,176 | 1,794 | |
| Less: | |||
| Interest expense | |||
| Deposit liabilities | 459 | 181 | |
| Repurchase agreements | 1(e) | 211 | 116 |
| 670 | 297 | ||
| General administrative expenses | |||
| Staff costs | 89 | 87 | |
| Special redundancy/retirement payments | 11 | 10 | 18 |
| Depreciation of property | 7 | 7 | 7 |
| Depreciation of plant and equipment | 7 | 8 | 7 |
| Premises and equipment | 26 | 24 | |
| Materials used in note production | 25 | 10 | |
| Travel | 3 | 2 | |
| Consultants' fees | 13 | 2 | 1 |
| Other | 14 | 5 | |
| 184 | 161 | ||
| Other expenses | |||
| Agency business reimbursement | 1 | 1 | |
| Subsidiary income tax | 5 | (2) | |
| Cash distribution expenses | 8 | 1 | |
| Other | 16 | 10 | |
| 30 | 10 | ||
| Total | 884 | 468 | |
| Net Profit | 2,292 | 1,326 | |