Reserve Bank of Australia Annual Report 2011

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62 Reserve bank of Australia Underlying earnings Composition and Distribution of Reserve Bank Profits $ million Composition of Profits Distribution of Profits Payments to Government Realised gains and losses(–) (a) Unrealised gains and losses(–) Accounting profit or loss(–) Unrealised Profits   Reserve Transfer to/from(–) Asset   revaluation reserves Reserve Bank Reserve Fund Dividend payable Payment from   previous year’s profit Payment delayed from   previous year Total payment 1997/98 1 750 966 1 687 4 403 1 687 –558 548 2 726 1 700 – 1 700 1998/99 1 816 2 283 –2 773 1 326 –2 349 –1 – 3 676 2 726 – 2 726 1999/00 1 511 –708 1 489 2 292 1 489 – – 803 3 000 – 3 000 2000/01 1 629 1 200 320 3 149 320 –5 – 2 834 803 676 1 479 2001/02 1 400 479 –11 1 868 –11 –10 – 1 889 2 834 – 2 834 2002/03 1 238 1 157 –222 2 173 –222 –2 133 2 264 1 889 – 1 889 2003/04 882 –188 1 261 1 955 1 261 – – 694 1 300 – 1 300 2004/05 997 366 –1 289 74 –1 289 – – 1 363 374 964 1 338 2005/06 1 156 4 933 2 093 933 –17 – 1 177 1 063 320 1 383 2006/07 1 381 72 –2 846 –1 393 –2 475 –3 – 1 085 1 177 300 1 477 2007/08 2 068 614 –1 252 1 430 27 – – 1 403 1 085 – 1 085 2008/09 2 150 4 404 2 252 8 806 2 252 – 577 5 977 1 403 – 1 403 2009/10 866 –128 –3 666 –2 928 –2 248 – –680 – 5 227 – 5 227 2010/11 897 –1 135 –4 651 – 4 889 –23 – –4 866 – – 750 750 2011/12 – – – (a) Excludes gains or losses realised from the sale of fixed assets that had been held in asset revaluation reserves Source: RBA
Statutory Obligations Equal Employment Opportunity The Reserve Bank is required under the Equal Employment Opportunity (Commonwealth Authorities) Act 1987 to report to the Australian Parliament each year on its equity and diversity program. The Equity & Diversity Annual Report 2010, which reviews the Bank’s diversity profile, employee engagement with existing policies and progress with the program, was tabled on 29 October 2010. The Reserve Bank aims to ensure that all employees are treated with dignity and respect in the workplace, and experience equal opportunity throughout their careers with the Bank. This commitment is underpinned by the two key elements of the Diversity Program, namely existing policies and procedures, and the Diversity Plan. While the existing policies and procedures aim to embed equity and diversity principles in work practices, the Diversity Plan provides specific initiatives that highlight priorities, raise awareness and ensure continuous improvement. The Program is governed by the Bank’s Equity & Diversity Policy Committee, a consultative body responsible for monitoring the development and implementation of equity and diversity initiatives, policies and practices. During the year, the Reserve Bank continued to work on initiatives outlined in the current Plan. The four priorities of the Plan are to: •• gain an understanding of the issues related to work/life balance that are important to staff, and use that information to contribute to equity and diversity policy deliberations; •• better understand the factors influencing the career experience of women; •• continue improving the accessibility of the Bank’s computing systems, information and building facilities for its staff and the community; and •• understand the needs of a maturing workforce, and use that information to assist in workforce planning and knowledge retention. While the focus for the previous reporting period was on gender-based employment trends at the Reserve Bank, the major focus this year was on enhancing the Bank’s culture of inclusiveness, with a number of initiatives relating to gender, disability and indigenous employment. The Bank also focused on the accessibility of information and systems. As this marks the last year of the current Plan, a new Diversity Plan is currently being prepared. Full details and outcomes of the equity and diversity program will be included in the Reserve Bank’s Equity & Diversity Annual Report 2011. Work Health & Safety, Compensation and Rehabilitation The Reserve Bank is required, in terms of the Occupational Health and Safety Act 1991 and the conditions of its licence as a Licensed Authority under the Safety, Rehabilitation and Compensation Act 1988, to report each year on matters of health and safety, workers’ compensation and rehabilitation as they affect the Bank. ANNUAL REPORT 2011 | statutory obligations 63
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RESERVE BANK OF AUSTRALIA ANNUAL RE
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© Reserve Bank of Australia 2011.
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The banking and payments group cont
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4 Reserve bank of Australia
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Audit Committee The objectives of t
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Roger Corbett AO Member since 2 Dec
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10 Reserve bank of Australia
Page 16 and 17: Committee’s questioning of the Ba
Page 18 and 19: The Reserve Bank hosts regular conf
Page 20 and 21: Reserve Bank Balance Sheet $ billio
Page 22 and 23: Days 120 100 80 60 40 20 0 Australi
Page 24 and 25: sovereign debt crisis in Europe and
Page 26 and 27: 22 Reserve bank of Australia
Page 28 and 29: M 250 200 150 100 50 by other users
Page 30 and 31: about 10 per cent less than in 2007
Page 34 and 35: % Value of Banknotes on Issue Per c
Page 36 and 37: ppm 20 15 10 5 0 04/05 Source: RBA
Page 40 and 41: countries), the main international
Page 42 and 43: appropriate fee; the committed amou
Page 44 and 45: Economic activity in most EMEAP eco
Page 48 and 49: Staff in the State Offices also pla
Page 50 and 51: The Reserve Bank continued to provi
Page 54 and 55: No 50 40 30 20 10 counterfeit exami
Page 56 and 57: expected to reduce energy and water
Page 58 and 59: 4 3 2 1 0 and Securency Internation
Page 60 and 61: 40 20 Credit Exposure Per cent of b
Page 62 and 63: lost. The centrepiece of these arra
Page 64 and 65: The Reserve Bank follows commercial
Page 68 and 69: The Reserve Bank is committed to th
Page 74 and 75: Balance Sheet - As at 30 June 2011
Page 76 and 77: Statement of Distribution - For the
Page 78 and 79: Cash Flow Statement - For the year
Page 80 and 81: Notes to and Forming Part of the Fi
Page 82 and 83: Interest on fixed coupon securities
Page 84 and 85: Sell repurchase agreements Securiti
Page 86 and 87: Balances of asset revaluation reser
Page 88 and 89: Note 2 - Net Profits Interest reven
Page 90 and 91: Note 4 - Interest Revenue and Inter
Page 92 and 93: Note 6 - Cash and Cash Equivalents
Page 94 and 95: Note 10 - Other Liabilities Provisi
Page 96 and 97: As at 30 June 2011 and 30 June 2010
Page 98 and 99: Accounting Valuation For financial
Page 100 and 101: Note 14 - Superannuation Funds (Con
Page 102 and 103: Market Risk Market risk is the risk
Page 104 and 105: Credit Risk Credit risk is the pote
Page 106 and 107: Liquidity Risk Liquidity risk is th
Page 108 and 109: Maturity Analysis - As at 30 June 2
Page 110 and 111: As at 30 June 2011 One $M Level Two
Page 112 and 113: Auditor-General for Australia Austr
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Organisational Chart August 2011 Re
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Banking and Payments Group Assistan
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Glossary ACC Asian Consultative Cou
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Reserve Bank of Australia Annual Report 2011

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