Reserve Bank of Australia Annual Report – 2013 Pro Forma Business Accounts

The following sets of accounts for each of the Reserve Bank's contestable businesses have been prepared in accordance with competitive neutrality guidelines. These accounts do not form part of the audited financial statements.

Transactional Banking Registry
2011/12
$ million
2012/13
$ million
2011/12
$ million
2012/13
$ million
Revenue
– Service fees 21.7 26.0   0.6 0.6
– Other revenue 6.8 5.7   0.1
Total 28.5 31.7   0.6 0.7
Expenditure
– Direct costs 19.1 27.7   0.3 0.4
– Indirect costs 2.6 0.3   0.1
Total 21.7 28.0   0.4 0.4
Net profit/(loss) 6.8 3.7   0.2 0.3
Net profit/(loss) after taxes(a) 4.8 2.5   0.1 0.2
Assets(b)
– Domestic markets investments 648.4 527.7   1.3 1.3
– Other assets 14.7 17.4  
Total 633.1 545.1   1.3 1.3
Liabilities(b)
– Capital and reserves 25.0 25.0   1.0 1.0
– Deposits 623.8 505.8      
– Other liabilities 14.3 14.3   0.3 0.3
Total 663.1 545.1   1.3 1.3

(a) In accordance with competitive neutrality guidelines, income tax expense has been calculated and transferred to the Commonwealth as a notional part of the Reserve Bank's annual profit distribution
(b) As at 30 June

Source: RBA