| Royal Monetary Authority of Bhutan | ||||||
| Statement of Financial Position | ||||||
| Assets | 31-Jan-23 | 31-Jan-22 | ||||
| Nu. 000 | Nu. 000 | |||||
| Financial Assets | ||||||
| Foreign Currency financial assets | ||||||
| Cash and cash equivalents | 35,047,569 | - | 30,168,136 | |||
| Deposits with banks | - | - | 18,547,009 | |||
| Trading Assets | 6,782 | - | 363,918 | |||
| Securities | 59,204,604 | - | 49,774,950 | |||
| IMF related assets | 4,741,472 | - | 2,820,847 | |||
| Interest and other receivables | 1,082,268 | - | 330,440 | |||
| Total foreign currency financial assets | 100,082,695 | 102,005,301 | ||||
| Local currency financial assets | ||||||
| Cash and cash equivalents | 900,126 | - | 92,300 | |||
| Gratuity fund | 56,714 | - | 70,526 | |||
| Loans to staff | 12,014 | - | 16,235 | |||
| Ways and means advance to Royal Government | 1,527,776 | - | 3,188,940 | |||
| Total local currency financial assets | 2,496,630 | 3,368,001 | ||||
| Foreign currency non-financial assets | ||||||
| Monetary gold | 1,630,883 | - | - | |||
| Other foreign currency non-financial asset | 973,276 | - | 1,036,413 | |||
| Total foreign currency non-financial assets | 2,604,159 | 1,036,413 | ||||
| Non-financial assets | ||||||
| Non-monetary gold | 42,428 | - | 45,504 | |||
| Inventories for banknotes | 254,606 | - | 222,090 | |||
| Property, Plant and Equipment | 127,104 | - | 128,561 | |||
| Intangible assets | 2,511 | - | 27,145 | |||
| Other assets | 5,087,782 | - | 4,703,025 | |||
| Total non-financial assets | 5,514,431 | 5,126,325 | ||||
| Total assets | 110,697,915 | 111,536,039 | ||||
| Liabilities and Equity | ||||||
| Foreign Currency financial liabilities | ||||||
| Balances of Royal Government | 7,458,153 | - | 7,410,404 | |||
| IMF related liabilities | 4,256,001 | - | 2,322,396 | |||
| Due to IFIs | 6,139 | - | 3,901 | |||
| Due to foreign central banks | 21,156,180 | - | 4,502,400 | |||
| Accrued interest payables | 158,480 | - | 38,690 | |||
| Total foreign currency financial liabilities | 33,034,952 | 14,277,791 | ||||
| Local currency financial liabilities | ||||||
| Currency in circulation | 13,195,042 | - | 14,078,452 | |||
| Balances of Commercial banks | 36,574,544 | - | 62,455,197 | |||
| Balances of Royal Government | 989,785 | - | 467,545 | |||
| Due to other Financial institutions | 3,127 | - | 542 | |||
| Total local currency financial liabilities | 50,762,497 | 77,001,735 | ||||
| Other liabilities | ||||||
| Deferred grants | 107,856 | - | 113,270 | |||
| Gratuity and other employee benefits | 116,749 | - | 87,665 | |||
| Others | 100,270 | - | 101,126 | |||
| Total Other Liabilities | 324,875 | 302,062 | ||||
| Total Liabilities | 84,122,324 | 91,581,587 | ||||
| Equity | ||||||
| Capital | 800,000 | - | 800,000 | |||
| General reserve | 809,114 | - | - | |||
| BAS transition reserve | 22,525,992 | - | 18,285,924 | |||
| Revaluation reserve | 2,301,670 | - | 729,714 | |||
| Retained earnings | - | - | - | |||
| Other reserves | - | - | - | |||
| Total Equity | 26,575,591 | 19,954,452 | ||||
| Total Equity and Liabilities | 110,697,915 | 111,536,039 | ||||
| Royal Monetary Authority of Bhutan | ||||
| Statement of Comprehensive Income | ||||
| Particulars | 31-Jan-23 | 31-Jan-22 | ||
| Nu. 000 | Nu. 000 | |||
| Foreign currency income and expenses | ||||
| Interest income on foreign currency financial assets | 1,667,639 | 958,289 | ||
| Interest expense on foreign currency financial liabilities | (532,245) | (412,835) | ||
| Currency trading gain/(loss) | 20,165 | 70,155 | ||
| Net foreign currency income | 1,155,558 | 615,609 | ||
| Local currency income | ||||
| Interest income on local currency financial assets | 12,651 | 4,489 | ||
| Net local currency income | 12,651 | 4,489 | ||
| Net interest income | 1,168,209 | 620,098 | ||
| Other income | ||||
| Realised gain/(loss) on sale of assets | 1,245,736 | 80,813 | ||
| Unrealised gain/(loss) of fair value of assets | 160,236 | (308,415) | ||
| Foreign exchange revaluation gain/(loss) | 1,759,489 | 870,623 | ||
| Others | 15,975 | (14,714) | ||
| Net other income | 3,181,437 | 628,306 | ||
| Total net operating income | 4,349,646 | 1,248,405 | ||
| Expenses | ||||
| Cost of banknote printing | (23,039) | (41,200) | ||
| Personnel expenses | (140,548) | (110,368) | ||
| Administrative expenses | (69,408) | (102,424) | ||
| Total operating expenses | (232,995) | (253,992) | ||
| Net profit for year | 4,116,650 | 994,412 | ||
| Profit for distribution | ||||
| 31-Jan-23 | 31-Jan-22 | |||
| Net profit as per Statement of Comprehensive Income | 4,116,650 | 994,412 | ||
| Transferred to revaluation reserve | (1,919,725) | (562,208) | ||
| Previous unrealised gains/losses recognised in year | - | 192,764 | ||
| Distributable profit for the year | 2,196,925 | 624,969 | ||