Reserve Bank of Australia Annual Report – 2018 Pro Forma Business Accounts

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

Transactional Banking
  2016/17
$ million
2017/18
$ million
Revenue
– Service fees 105.7 104.5
– Other revenue 3.5 2.3
Total 109.2 106.8
Expenditure
– Direct costs 104.9 105.3
– Indirect costs 0.0 0.0
Total 104.9 105.3
Net profit/(loss) 4.3 1.5
Net profit/(loss) after taxes(a) 3.4 1.5
Assets(b)
– Domestic markets investments 1,354.8 2,183.0
– Other assets 39.8 45.2
Total 1,394.6 2,228.2
Liabilities(b)
– Capital & reserves 25.0 25.0
– Deposits 1,351.2 2,185.4
– Other liabilities 18.4 17.8
Total 1,394.6 2,228.2

(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