Note 5 – Reserves | Financial Statements | Reserve Bank of Australia Annual Report – 2004

Reserve Bank of Australia Annual Report – 2004 Financial Statements Note 5 – Reserves

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

Asset revaluation reserves (Note 1(h))
	2004 $M	2003 $M
Gold
Opening balance	1,222	1,339
Net revaluation adjustments	146	(117)
As at 30 June	1,368	1,222
Shares in international financial institutions (Note 7)
Opening balance	179	74
Net revaluation adjustments	35	105
As at 30 June	214	179
Bank properties (Notes 1(f), 8)
Opening balance	112	107
Net revaluation adjustments	–	7
Transfers (to)/from Statement of Distribution	–	(2)
As at 30 June	112	112
Total asset revaluation reserves
Opening balance	1,513	1,520
Net revaluation adjustments	181	(5)
Transfers (to)/from Statement of Distribution	–	(2)
As at 30 June	1,694	1,513
Unrealised Profits Reserve (Note 1(h))
Opening balance	1,576	1,798
Net transfers (to)/from Statement of Distribution	1,261	(222)
As at 30 June	2,837	1,576
Reserve Bank Reserve Fund (Note 1(h))
Opening balance	6,285	6,152
Transfer from Net Profit	–	133
As at 30 June	6,285	6,285
Capital
Opening and closing balance	40	40
Total capital and reserves
Opening balance	9,414	9,510
Net profit plus net revaluation adjustments in asset revaluation reserves	2,136	2,168
Transfer to the distribution payable to the Australian Government (Note 3)	(694)	(2,264)
As at 30 June	10,856	9,414