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Reserve Bank of Australia Annual Report – 2003 Financial Statements Note 12 – Special Redundancy/retirement Payments

In RBA Annual Report 2003

  • Financial Statements
    • Directors' Statement
    • Statement of Financial Position
    • Statement of Financial Performance
    • Statement of Distribution
    • Note 1: Summary of Accounting Policies
    • Note 2: Net Profits
    • Note 3: Distribution to Australian Government
    • Note 4: Interest Revenue and Interest Expense
    • Note 5: Reserves
    • Note 6: Cash and Liquid Assets
    • Note 7: Loans, Advances and Other Assets
    • Note 8: Property, Plant and Equipment
    • Note 9: Deposits
    • Note 10: Other Liabilities
    • Note 11: Contingent Liabilities and Other Items not Included in Statement of Financial Position
    • Note 12: Special Redundancy/Retirement Payments
    • Note 13: Remuneration of Executives
    • Note 14: Remuneration of Auditor
    • Note 15: Related Party and Other Disclosures
    • Note 16: Superannuation Funds
    • Note 17: Segment Reporting
    • Note 18: Financial Instruments
    • Note 19: Cash Flow Statement
    • Independent Audit Report

The RBA's expenses in 2002/03 include $3 million paid or payable to, or on behalf of, staff who accepted special redundancy/retirement offers. Corresponding payments in 2001/02 totalled $4 million. Staff leaving the RBA in 2002/03 under these arrangements numbered 34 (31 in 2001/02).

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