Reserve Bank of Australia Annual Report – 2016 Financial Statements Note 2 – Net Profit
| Note | 2016 $M |
2015 $M |
|
|---|---|---|---|
| Net interest income | |||
| Interest income | 1(b), 4 | 2,305 | 2,165 |
| Interest expense | 1(b), 4 | (1,112) | (1,245) |
| 1,193 | 920 | ||
| Net gains/(losses) on securities and foreign exchange | |||
| Foreign investments | 1(b) | 68 | 40 |
| Australian dollar securities | 1(b) | (229) | (130) |
| Foreign currency | 1(b) | 1,821 | 6,146 |
| 1,660 | 6,056 | ||
| Fees and commissions income | |||
| Committed Liquidity Facility fee income | 1(j) | 390 | 208 |
| Banking services fee income | 100 | 98 | |
| Payment services fee income | 18 | 18 | |
| 508 | 324 | ||
| Other income | |||
| Sales of note and security products | 43 | 41 | |
| Rental of Bank premises | 9 | 10 | |
| Gain on sale of Securency | 1(a) | 6 | 8 |
| Dividend revenue | 1(b) | 4 | 4 |
| Other | 4 | 2 | |
| 66 | 65 | ||
| General administrative expenses | |||
| Staff costs | (215) | (196) | |
| Net gains/(losses) on employee provisions | (34) | 10 | |
| Superannuation costs | 1(i) | (50) | (54) |
| Depreciation of property, plant and equipment | 1(e), 8 | (34) | (32) |
| Amortisation of computer software | 1(f), 7 | (5) | (4) |
| Premises and equipment | (50) | (47) | |
| Other | (17) | (17) | |
| (405) | (340) | ||
| Other expenses | |||
| Banking service fee expenses | (81) | (79) | |
| Materials used in note and security products | (25) | (28) | |
| Banknote distribution expenses | (3) | (4) | |
| Other | (30) | (26) | |
| (139) | (137) | ||
| Net Profit | 2,883 | 6,888 | |