Case Studies in Knowledge Management

Reserve Bank of New Zealand 233

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APPENDIX 2:

THE RESERVE BANK

FINANCIAL PERFORMANCE 2002 / 2003

2002 2003

(^) June June
Budget
Actual
($m) ($m) ($m)
Operating Income:
Net Investment Income 200.7 221.0 215.6
Other Income 10.3 9.0 9.3
Total Operating Income 211.0 230.0 224.9
Operating Expenses:
Personnel 15.6 16.0 15.6
Asset Management 5.0 4.0 4.0
New Currency Issued 4.7 4.5 6.1
Administration 1.1 1.4 1.0
Other 9.3 10.5 9.1
Loss on Disposal of Property 0.3 0 0
Total Operating Expenses 36.0 36.4 35.8
Operating Surplus 175.0 193.6 189.1
Net Expenditure under
Funding Agreement 24.9 26.9 26.3
Surplus for Appropriation 175.0 193.6 189.1
Transfers to Equity 6.1 4.1 4.7
Payment to Government 168.9 189.5 184.4
(^) Composition of Operating Expenses
Financial year Ending 30 June 2003
O 2 ther5%
Personnel
4 4%
ManagementAsset^
1 1%
Administration
3 %
New Currency
Issued 1 7%
(^) Appropriation of Operating Income
Financial Year ended 30 June 2003
Total Operating
Expenses
1 6%
Transfers to
Equity
2%
Payment to
Government
8 2%
Graph 2 Graph 3