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) |