Reserve Bank of Australia Annual Report – 2016 Financial Statements Note 6 – Cash and Cash Equivalents

  2016
$M
2015
$M
Cash 31 33
Overnight settlements 336 405
As at 30 June 367 438
Reconciliation of net cash used in operating activities to Net Profit Note 2016
$M
2015
$M
Net Profit   2,883 6,888
Increase/(decrease) in interest payable   11 (6)
Net loss/(gain) on overseas investments 2 (68) (40)
Net loss/(gain) on Australian dollar securities 2 229 130
Net loss/(gain) on foreign currency 2 (1,821) (6,146)
Decrease/(increase) in income accrued on investments   11
Cash collateral received/(pledged)   (3,002) 545
Depreciation of property, plant and equipment 2 34 32
Amortisation of computer software 2 5 4
Net payments for investments   (1,194) (12,243)
Other   (7) 26
Net cash used in operating activities   (2,930) (10,799)

Cash and cash equivalents include net amounts of $336 million owed to the RBA for overnight clearances of financial transactions through the payments system ($405 million at 30 June 2015). 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 investments and foreign currency investments, respectively; further detail is disclosed in Note 15.