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

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

2003 $M 2002 $M
Asset revaluation reserves (Note 1(h))
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