Note 6 – Cash and Cash Equivalents | Financial Statements | Reserve Bank of Australia Annual Report – 2016

Reserve Bank of Australia Annual Report – 2016 Financial Statements Note 6 – Cash and Cash Equivalents

	2016 $M	2015 $M
Cash	31	33
Overnight settlements	336	405
As at 30 June	367	438

Reconciliation of net cash used in operating activities to Net Profit	Note	2016 $M	2015 $M
Net Profit		2,883	6,888
Increase/(decrease) in interest payable		11	(6)
Net loss/(gain) on overseas investments	2	(68)	(40)
Net loss/(gain) on Australian dollar securities	2	229	130
Net loss/(gain) on foreign currency	2	(1,821)	(6,146)
Decrease/(increase) in income accrued on investments		–	11
Cash collateral received/(pledged)		(3,002)	545
Depreciation of property, plant and equipment	2	34	32
Amortisation of computer software	2	5	4
Net payments for investments		(1,194)	(12,243)
Other		(7)	26
Net cash used in operating activities		(2,930)	(10,799)

Cash and cash equivalents include net amounts of $336 million owed to the RBA for overnight clearances of financial transactions through the payments system ($405 million at 30 June 2015). 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.