Reserve Bank of Australia Annual Report – 2002 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 2002
| 2002 Inflow/(outflow) $M |
2001 Inflow/(outflow) $M |
|
|---|---|---|
| Cash flows from operating activities | ||
| Interest received on investments | 2,056 | 2,274 |
| Interest received on loans, advances, and on net overnight settlements systems | 32 | 41 |
| Loan management reimbursement | 1 | 1 |
| Banking service fees received | 21 | 19 |
| Rents received | S | 9 |
| Net payments for and proceeds from sale of investments | (622) | (3,299) |
| Interest paid on deposit liabilities | (484) | (728) |
| Interest paid on currency note holdings of banks | (78) | |
| Staff costs (including redundancy) | (94) | (84) |
| Premises and equipment | (25) | (25) |
| Other | 9 | 15 |
| Net cash provided by operating activities | 821 | (1,777) |
| Cash flows from investment activities | ||
| Net expenditure on property, plant and equipment | 12 | 9 |
| Net cash used in investing activities | 12 | 9 |
| Cash flows from financing activities | ||
| Profit payment to Commonwealth | (2,834) | (1,479) |
| Net movement in deposit liabilities | (2,872) | 1,379 |
| Net movement in loans and advances | 8 | 7 |
| Net movement in notes on issue | 4,762 | 1,733 |
| Other | 29 | (13) |
| Net cash provided by financing activities | (907) | 1,627 |
| Net increase/(decrease) in cash | (74) | (141) |
| Cash at beginning of financial year | 680 | 821 |
| Cash at end of financial year | 606 | 680 |
| Reconciliation of cash | 30 June 2002 $M |
30 June 2001 $M |
| Cash | 20 | 115 |
| Overnight settlements system | 586 | 565 |
| 606 | 680 | |
| Reconciliation of net cash provided by operating activities to Net Profits in terms of the Reserve Bank Act | 2002 $M |
2001 $M |
| Net Profit | 1,868 | 3,149 |
| Increase/(decrease) in interest payable | (30) | (26) |
| Net loss/(gain) on overseas investments | (207) | (485) |
| Net loss/(gain) on Australian dollar securities | 99 | 96 |
| Net loss/(gain) on foreign currency | (360) | (1,131) |
| Decrease/(increase) in income accrued on investments | 65 | (100) |
| Depreciation of property | 7 | 7 |
| Depreciation of plant and equipment | 8 | 9 |
| Net payments for and proceeds from sale of investments | (622) | (3,299) |
| Other | (7) | 3 |
| Net cash provided by operating activities | 821 | (1,777) |