Reserve Bank of Australia Annual Report – 2015 Financial Statements Note 6 – Cash and Cash Equivalents
This includes net amounts of $405 million owed to the RBA for overnight clearances of financial transactions through the payments system; an amount of $256 million was owed to the RBA at 30 June 2014. 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 exchange, respectively; further detail is disclosed in Note 15.
| 2015 $M | 2014 $M | |
|---|---|---|
| Cash | 33 | 17 |
| Overnight settlements | 405 | 256 |
| As at 30 June | 438 | 273 |
| Reconciliation of net cash used in operating activities to Net Profits |
Note | 2015 $M | 2014 $M |
|---|---|---|---|
| Net Profit | 6,888 | 9,392 | |
| Increase/(decrease) in interest payable | (6) | 48 | |
| Net loss/(gain) on overseas investments | 2 | (40) | (94) |
| Net loss/(gain) on Australian dollar securities | 2 | 130 | 90 |
| Net loss/(gain) on foreign currency | 2 | (6,146) | (146) |
| Decrease/(increase) in income accrued on investments | 11 | (100) | |
| Cash collateral received/(pledged) | 545 | 382 | |
| Depreciation of property | 8 | 8 | 9 |
| Depreciation of plant and equipment | 8 | 24 | 21 |
| Amortisation of computer software | 7 | 4 | 3 |
| Net payments for investments | (12,243) | (40,686) | |
| Other | 26 | 34 | |
| Net cash used in operating activities | (10,799) | (31,047) |