Note 18 – Cash Flow Statement | Financial Statements | Reserve Bank of Australia Annual Report – 2000

Reserve Bank of Australia Annual Report – 2000 Financial Statements Note 18 – Cash Flow Statement

The following cash flow statement appears as a matter of record to meet the requirements of AAS 28; in the RBA's view, it does not shed any additional light on the RBA's financial results. For the purpose of this statement, cash includes the notes and coin held at the Reserve Bank and overnight settlements system account balances with other banks.

Statement of Cash Flows for the financial year ended 30 June 2000

Cash flow from operating activities
	2000 Inflow/(outflow) $M	1999 Inflow/(outflow) $M
Interest received on investments	2,022	2,040
Interest received on loans, advances, and on net overnight settlements systems	36	24
Loan management reimbursement	2	2
Banking service fees received	17	28
Rents received	7	7
Net payments for and proceeds from sale of investments	(5,344)	(91)
Interest paid on deposit liabilities	(388)	(190)
Staff costs (including redundancy)	(99)	(106)
IMF Maintenance of Value adjustment	–	(15)
Premises, equipment and stores	(26)	(24)
Other	21	20
Net cash provided by operating activities	(3,752)	1,695
Cash flows from investment activities
Net expenditure on property, plant and equipment	(22)	11
Net cash used in investing activities	(22)	11
Cash flows from financing activities
Profit payment to Commonwealth	(3,000)	(2,726)
Net movement in deposit liabilities	5,103	(689)
Net movement in loans and advances	16	38
Net movement in notes on issue	1,882	1,920
Other	7	(31)
Net cash provided by financing activities	4,008	(1,488)
Net increase/(decrease) in cash	234	218
Cash at beginning of financial year	587	369
Cash at end of financial year	821	587
Reconciliation of cash	30 June 2000 $M	30 June 1999 $M
Cash	131	109
Overnight settlements system	690	478
	821	587
Reconciliation of net cash provided by operating activities to Net Profits in terms of the Reserve Bank Act	2000 $M	1999 $M
Net profit	2,292	1,326
Increase in interest payable	72	(10)
Increase in interest receivable	2	–
Net loss/(gain) on overseas investments	232	106
Net loss/(gain) on domestic government securities	128	276
Net loss/(gain) on foreign currency	(1,141)	108
Increase in income accrued on investments	(8)	(6)
Depreciation of property	7	7
Depreciation of plant and equipment	8	7
IMF Maintenance of Value adjustment (including accrual to end June)	–	(15)
Net payments for and proceeds from sale of domestic and foreign investments	(5,344)	(91)
Write-off of Australian notes	–	(19)
Other	–	6
Net cash provided by operating activities	(3,752)	1,695