Reserve Bank of Australia Annual Report – 2012 Financial Statements Note 4 – Interest Revenue and Interest Expense
Analysis for the year ended 30 June 2012
| Average balance |
Interest | Average annual interest rate |
|
|---|---|---|---|
| $M | $M | % | |
| Interest revenue | |||
| Overseas investments | 42,192 | 325 | 0.8 |
| Australian dollar securities | 32,589 | 1,508 | 4.6 |
| Overnight settlements | 983 | 41 | 4.1 |
| Gold loans | 52 | – | 0.3 |
| Loans, advances and other | 21 | 1 | 4.2 |
| 75,837 | 1,875 | 2.5 | |
| Interest expense | |||
| Banks' Exchange Settlement balances | 1,252 | 52 | 4.1 |
| Deposits from governments | 15,898 | 672 | 4.1 |
| Deposits from overseas institutions | 696 | 24 | 3.4 |
| Currency note holdings of banks | 2,872 | 123 | 4.2 |
| Overseas repurchase agreements | 1,712 | – | – |
| Domestic repurchase agreements | 294 | 13 | 4.5 |
| Other deposits | 166 | 5 | 3.5 |
| 22,890 | 889 | 3.9 | |
| Analysis for the year ended 30 June 2011 | |||
| Interest revenue total | 71,650 | 1,930 | 2.7 |
| Interest expense total | 20,916 | 798 | 3.8 |
Interest revenue for 2011/12 includes $1,138 million calculated using the effective interest method for financial assets not at fair value through profit and loss ($1,214 million in 2010/11). Interest expense for 2011/12 includes $889 million calculated using the effective interest method for financial liabilities not at fair value through profit and loss ($798 million in 2010/11).