Reserve Bank of Australia Annual Report – 2006 Financial Statements Note 4
Note 4 INTEREST REVENUE AND INTEREST EXPENSE
Analysis
for the year ended 30 June 2006
| Average balance $M |
Interest $M | Average annual interest rate % |
|||
|---|---|---|---|---|---|
| Interest revenue | |||||
| Overseas investments | 62,665 | 2,092 | 3.3 | ||
| Australian dollar securities | 23,157 | 1,322 | 5.7 | ||
| Overnight settlements | 928 | 49 | 5.3 | ||
| Gold loans | 1,799 | 13 | 0.7 | ||
| Loans, advances and other | 20 | 1 | 3.4 | ||
| 88,569 | 3,477 | 3.9 | |||
| Interest expense | |||||
| Banks' Exchange Settlement balances | 782 | 41 | 5.3 | ||
| Deposits from governments | 29,255 | 1,628 | 5.6 | ||
| Deposits from overseas institutions | 1,482 | 7 | 0.5 | ||
| Currency note holdings of banks | 2,971 | 165 | 5.6 | ||
| Overseas repurchase agreements | 8,088 | 291 | 3.6 | ||
| Domestic repurchase agreements | 780 | 42 | 5.4 | ||
| Other deposits | 15 | – | 1.6 | ||
| 43,373 | 2,174 | 5.0 | |||
| Analysis for the year ended 30 June 2005 | |||||
| Interest revenue total | 70,626 | 2,392 | 3.4 | ||
| Interest expense total | 27,385 | 1,243 | 4.5 | ||
Interest revenue for 2005/06 includes $2,588 million calculated using the effective interest method for financial assets not at fair value through profit and loss ($1,488 million in 2004/05). Interest expense for 2005/06 includes $2,174 million calculated using the effective interest method for financial liabilities not at fair value through profit and loss ($1,243 million in 2004/05).