Reserve Bank of Australia Annual Report – 2019 Financial Statements Note 2 – Net Profit

  Note 2019
$M
2018
$M
Net interest income
Interest income 1(b), 4 2,310 2,101
Interest expense 1(b), 4 (1,034) (1,200)
    1,276 901
Fees and commissions income
Committed liquidity facility 1(k), 1(m) 368 349
Banking services 1(m) 123 105
Payment services 1(m) 27 21
    518 475
Other income
Sales of banknote and security products 1(m) 25 42
Rental of Bank premises   6 10
Dividend revenue 1(b) 5 4
Other   1 1
    37 57
Net gains/(losses) on securities and foreign exchange
Foreign investments 1(b) 166 (99)
Australian dollar securities 1(b) (17) (160)
Foreign currency 1(b) 3,182 3,261
    3,331 3,002
Net gain on held for sale asset 1(l) 51
General administrative expenses
Staff costs   (233) (226)
Net gains/(losses) on employee provisions   (20) 12
Superannuation costs 1(j) (52) (58)
Depreciation of property, plant and equipment 1(e), 8 (47) (47)
Amortisation of computer software 1(f), 7 (21) (17)
Premises and equipment   (67) (64)
Other   (20) (21)
    (460) (421)
Other expenses
Banking service fees   (104) (88)
Materials used in banknote and security products   (57) (45)
Banknote distribution   (2) (1)
Other   (41) (33)
    (204) (167)
Net profit/(loss)   4,549 3,847