Reserve Bank of Australia Annual Report – 2005 Financial Statements Note 5

Note 5 RESERVES
Changes in the RBA's various reserves are shown below.

2005 $M 2004 $M
Asset revaluation reserves (Note 1(h))
Gold      
Opening balance 1,368   1,222
Net revaluation adjustments (6)   146
As at 30 June 1,362   1,368
Shares in international financial institutions(Note 7)      
Opening balance 214   179
Net revaluation adjustments (16)   35
As at 30 June 198   214
Bank properties(Notes 1(f),  8)      
Opening balance 112   112
Net revaluation adjustments 13   –
As at 30 June 125   112
Total asset revaluation reserves      
Opening balance 1,694   1,513
Net revaluation adjustments (9)   181
As at 30 June 1,685   1,694
Unrealised profits reserve (Note 1(h))
Opening balance 2,837   1,576
Net transfers (to)/from Statement of Distribution (1,289)   1,261
As at 30 June 1,548   2,837
Reserve Bank Reserve Fund (Note 1(h))
Opening balance 6,285   6,285
Transfer from net profit –   –
As at 30 June 6,285   6,285
Capital
Opening and closing balance 40   40
Total capital and reserves      
Opening balance 10,856   9,414
Net Profit plus net revaluation adjustments in asset revaluation reserves 65   2,136
Transfer to the distribution payable to Australian Government (Note 3) (1,363)   (694)
As at 30 June 9,558   10,856