Reserve Bank of Australia Annual Report – 2021 Financial Statements Note 6 – Cash and Cash Equivalents

  2021
$M
2020
$M
Cash 17 39
Overnight settlements 704 477
As at 30 June 721 516

Cash and cash equivalents include net amounts of $704 million owed to the RBA for overnight clearances of financial transactions through the payments system ($477 million at 30 June 2020). 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 2021
$M
2020
$M
Net Profit   (4,332) 2,488
Net (gain)/loss on overseas investments 2 107 (212)
Net (gain)/loss on Australian dollar securities 2 5,154 435
Net (gain)/loss on foreign currency 2 3,228 (1,312)
Depreciation of property, plant and equipment 2 52 52
Amortisation of computer software 2 21 24
Net payments for investments   (267,996) (96,150)
(Increase)/decrease in interest receivable   (911) (293)
Increase/(decrease) in interest payable   (16) (37)
Cash collateral received/(provided)   132 1,018
Other   (9) 10
Net cash used in operating activities   264,570 (93,977)