Reserve Bank of Australia Annual Report – 2002 Pro Forma Business Accounts

The following sets of accounts for each of the RBA's contestable businesses have been prepared in accordance with competitive neutrality guidelines. These accounts do not form part of the RBA's audited financial statements.

Transactional Banking Business Registry
2000/01
$ million
2001/02
$ million
2000/01
$ million
2001/02
$ million
Revenue
– Service fees 16.4 17.4 1.5 0.8
– Other revenue 6.0 3.8 0.1 0.1
Total 22.4 21.2 1.6 0.9
Expenditure
– Direct costs 10.8 13.6 0.6 0.5
– Indirect costs 3.6 3.5 0.3 0.2
Total 14.4 17.1 0.9 0.7
Net profit/(loss) 8.0 4.1 0.7 0.2
Net profit/(loss) after taxes(a) 5.4 2.9 0.5 0.2
Assets(b)
– Domestic market investments 772.2 529.2 1.6 1.4
– Other assets 12.3 8.8 0.1 0.1
Total 784.5 538.0 1.7 1.5
Liabilities(b)
– Capital & reserves 25.0 25.0 1.0 1.0
– Deposits 751.5 506.1    
– Other liabilities 8.0 6.9 0.7 0.5
Total 784.5 538.0 1.7 1.5
(a) In accordance with competitive neutrality guidelines, income tax expense has been calculated and transferred to the Commonwealth as a notional part of the RBA's annual profit distribution.
(b) As at 30 June