Reserve Bank of Australia Annual Report – 2014 Financial Statements Note 6 – Cash and Cash Equivalents

This includes net amounts of $256 million owed to the RBA for overnight clearances of financial transactions through the payments system; an amount of $115 million was owed to the RBA at 30 June 2013. Other cash and cash equivalents include NPA's bank deposits.

Cash and cash equivalents exclude Australian and foreign short-term investments held to implement monetary policy or as part of Australia's foreign reserve assets. These investments are disclosed as Australian dollar securities and foreign exchange, respectively; detail is disclosed in Note 15.

2014 $M 2013 $M
Cash   17 22
Overnight settlements   256 115
As at 30 June   273 137
Reconciliation of net cash used in operating
activities to Net Profits		 Note 2014 $M 2013 $M
Net Profit   9,392 4,333
Increase/(decrease) in interest payable   48 5
Net loss/(gain) on overseas investments 2 (94) 70
Net loss/(gain) on Australian dollar securities 2 90 244
Net loss/(gain) on foreign currency 2 (146) (3,976)
Decrease/(increase) in income accrued on investments   (100) 47
Cash collateral received/(pledged)   382 (253)
Depreciation of property 8 9 8
Depreciation of plant and equipment 8 21 19
Amortisation of computer software 7 3 3
Net payments for investments   (40,686) (11,592)
Other   34 8
Net cash used in operating activities   (31,047) (11,084)