Note 6 – Cash and Cash Equivalents | Reserve Bank of Australia Annual Report – 2019

Reserve Bank of Australia Annual Report – 2019 Financial Statements Note 6 – Cash and Cash Equivalents

	2019 $M	2018 $M
Cash	42	51
Overnight settlements	1,209	322
As at 30 June	1,251	373

Cash and cash equivalents include net amounts of $1,209 million owed to the RBA for overnight clearances of financial transactions through the payments system ($322 million at 30 June 2018). 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.

Reconciliation of net cash used in operating activities to Net Profit	Note	2019 $M	2018 $M
Net Profit		4,549	3,847
Decrease in interest payable		(24)	(20)
Net (gain)/loss on overseas investments	2	(166)	99
Net loss on Australian dollar securities	2	17	160
Net gain on foreign currency	2	(3,182)	(3,261)
Decrease in income accrued on investments		72	130
Cash collateral provided		(646)	(1,502)
Depreciation of property, plant and equipment	2	47	47
Amortisation of computer software	2	21	17
Net payments for investments		9,334	11,003
Other		(9)	3
Net cash used in operating activities		10,013	10,523