Overview

BS
I&E

Sheet 1: BS

	Royal Monetary Authority of Bhutan
Statement of Financial Position

Assets		28-Feb-23		28-Feb-22
Assets		Nu. 000		Nu. 000
Financial Assets

	Foreign Currency financial assets
	Cash and cash equivalents	31,538,514	-	34,852,146
	Deposits with banks	-	-	10,966,721
	Trading Assets	1,006,177	-	366,156
	Securities	60,073,332	-	52,184,174
	IMF related assets	4,744,835	-	4,899,758
	Interest and other receivables	1,126,751	-	340,298
	Total foreign currency financial assets	98,489,609		103,609,252

	Local currency financial assets
	Cash and cash equivalents	1,238,014	-	107,089
	Gratuity fund	63,053	-	70,526
	Loans to staff	11,337	-	15,447
	Ways and means advance to Royal Government	3,636,471	-	2,095,517
	Total local currency financial assets	4,948,875		2,288,579

	Foreign currency non-financial assets
	Monetary gold	1,558,065	-	-
	Other foreign currency non-financial asset	1,007,084	-	1,499,015
	Total foreign currency non-financial assets	2,565,149		1,499,015

Non-financial assets
	Non-monetary gold	41,401	-	84,527
	Inventories for banknotes	252,315	-	222,090
	Property, Plant and Equipment	128,617	-	124,338
	Intangible assets	2,511	-	27,145
	Other assets	5,173,384	-	4,700,836
	Total non-financial assets	5,598,227		5,158,936

	Total assets	111,601,860		112,555,782

	Liabilities and Equity
	Foreign Currency financial liabilities
	Balances of Royal Government	7,446,491	-	7,353,467
	IMF related liabilities	4,256,001	-	4,401,226
	Due to IFIs	6,139	-	2,879
	Due to foreign central banks	21,237,180	-	4,514,940
	Accrued interest payables	70,284	-	71,132
	Total foreign currency financial liabilities	33,016,094		16,343,644

	Local currency financial liabilities
	Currency in circulation	13,219,376	-	14,266,341
	Balances of Commercial banks	36,326,539	-	60,844,813
	Balances of Royal Government	833,276	-	619,493
	Due to other Financial institutions	3,127	-	542
	Total local currency financial liabilities	50,382,317		75,731,189

	Other liabilities
	Deferred grants	107,856	-	113,001
	Gratuity and other employee benefits	115,748	-	87,665
	Others	100,239	-	100,101
	Total Other Liabilities	323,843		300,767

	Total Liabilities	83,722,255		92,375,601

	Equity
	Capital	800,000	-	800,000
	General reserve	809,114	-	-
	BAS transition reserve	138,814	-	138,814
	Revaluation reserve	23,689,775	-	18,418,578
	Retained earnings	2,441,901	-	822,789
	Other reserves	-	-	-
	Total Equity	27,879,605		20,180,181

	Total Equity and Liabilities	111,601,860		112,555,782

Sheet 2: I&E

Royal Monetary Authority of Bhutan
Statement of Comprehensive Income

Particulars	28-Feb-23	28-Feb-22
Particulars	Nu. 000	Nu. 000
Foreign currency income and expenses
Interest income on foreign currency financial assets	1,899,987	1,076,191
Interest expense on foreign currency financial liabilities	(603,957)	(445,533)
Currency trading gain/(loss)	20,165	76,334
Net foreign currency income	1,316,194	706,993

Local currency income
Interest income on local currency financial assets	18,248	4,555
Net local currency income	18,248	4,555

Net interest income	1,334,442	711,548

Other income
Realised gain/(loss) on sale of assets	1,240,481	101,672
Unrealised gain/(loss) of fair value of assets	(72,334)	(431,239)
Foreign exchange revaluation gain/(loss)	3,155,843	1,126,101
Others	18,921	(13,749)
Net other income	4,342,910	782,785

Total net operating income	5,677,352	1,494,333

Expenses
Cost of banknote printing	(25,330)	(41,200)
Personnel expenses	(153,901)	(123,923)
Administrative expenses	(77,456)	(109,067)
Total operating expenses	(256,687)	(274,191)

Net profit for year	5,420,665	1,220,142

Profit for distribution
	28-Feb-23	28-Feb-22
Net profit as per Statement of Comprehensive Income	5,420,665	1,220,142
Transferred to revaluation reserve	(3,083,509)	(694,862)
Previous unrealised gains/losses recognised in year	-	192,764
Distributable profit for the year	2,337,156	718,044