Reserve Bank of Australia Annual Report – 2008 Financial Statements Statement of Changes in Capital and Reserves
For the year ended 30 June 2008
Reserve Bank of Australia and Controlled Entities
| Note | 2008 $M | 2007 $M | |
|---|---|---|---|
| Opening balance of Capital and Reserves | 5 | 8,618 | 11,208 |
| Plus: | |||
| Net Profit | 2 | 1,430 | (1,393) |
| Gain/(loss) on revaluation of gold | 5 | 513 | (149) |
| Gain/(loss) on revaluation of shares in international institutions | 5 | 17 | (14) |
| Gain/(loss) on revaluation of properties | 5 | 38 | 51 |
| Total revaluation gains/(losses) | 568 | (112) | |
| Total income and expenses | 1,998 | (1,505) | |
| Less: | |||
| Transfer to the distribution payable to Australian Government | 3 | (1,403) | (1,085) |
| Closing balance of Capital and Reserves | 5 | 9,213 | 8,618 |