Note 5 – Reserves | Financial Statements | Reserve Bank of Australia Annual Report – 2003

Reserve Bank of Australia Annual Report – 2003 Financial Statements Note 5 – Reserves

Changes in the RBA's various reserves are shown below.

Asset revaluation reserves (Note 1(h))
	2003 $M	2002 $M
Gold
Opening balance	1,339	1,260
Net revaluation adjustments	(117)	79
As at 30 June	1,222	1,339
Shares in international financial institutions (Note 7)
Opening balance	74	68
Net revaluation adjustments	105	6
As at 30 June	179	74
Bank properties (Notes 1(f), 8)
Opening balance	107	102
Net revaluation adjustments	7	15
Transfers to Statement of Distribution	(2)	(10)
As at 30 June	112	107
Total asset revaluation reserves
Opening balance	1,520	1,430
Net revaluation adjustments	(5)	100
Transfers to Statement of Distribution	(2)	(10)
As at 30 June	1,513	1,520
Unrealised Profits Reserve (Note 1(h))
Opening balance	1,798	1,809
Net transfers to Statement of Distribution	(222)	(11)
As at 30 June	1,576	1,798
Reserve Bank Reserve Fund (Note 1(h))
Opening balance	6,152	6,152
Transfer from Net Profit	133	–
As at 30 June	6,285	6,152
Capital
Opening and closing balance	40	40
Total capital and reserves
Opening balance	9,510	9,431
Net profit plus net revaluation adjustments in asset revaluation reserves	2,168	1,968
Distribution payable to Australian Government	(2,264)	(1,889)
As at 30 June	9,414	9,510