| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 18 |
|
| 18. |
Cash and cash equivalents
| |
GROUP
June 2014
R'000 |
|
GROUP
June 2013
R'000 |
|
COMPANY
June 2014
R'000 |
|
COMPANY
June 2013
R'000 |
|
| Cash |
95 552 |
|
120 347 |
|
31 591 |
|
21 584 |
|
| Short-term deposits |
293 897 |
|
239 864 |
|
– |
|
– |
|
| |
389 449 |
|
360 211 |
|
31 591 |
|
21 584 |
|
For purposes of the statement of cash flows, the year-end cash and cash equivalents comprise the following:
| |
GROUP
June 2014
R'000 |
|
GROUP
June 2013
R'000 |
|
COMPANY
June 2014
R'000 |
|
COMPANY
June 2013
R'000 |
|
| Cash and bank balances |
389 449 |
|
360 211 |
|
31 591 |
|
21 584 |
|
Included in the cash balance is an amount of R10 million deposited at Nedbank Limited as a good-faith deposit on behalf of a strategic target for acquisition. This is a loan receivable and not cash in the bank. Note 24 describes the status of that deposit. The effective interest rate applicable to cash at bank is 5.46% (June 2013: 4.72%).
Refer to note 9.3 for details of the credit ratings of the banks at which cash is held. |
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 18 |
|
|