Note 07
Current assets - Cash and cash equivalents
Consolidated
2012
2011
Notes
$’000
$’000
Cash at bank and in hand
(b)
45,924
33,513
Deposits at call
(c)
-
90,114
45,924
123,627
(a) Interest rate risk exposure
The Group’s exposure to interest rate risk is
discussed in note 2.
(b) Cash at bank and in hand
Cash at bank and in hand earns interest at
floating rates based on daily bank deposit rates.
Refer to note 2 for rates earned.
(c) Deposits at call
The “deposits at call” at balance date reflects
funds available to the Group that have been
placed on deposit with major Australian banking
institutions and across a spread of short‑term
term deposits in accordance with Board approved
Treasury Policy. Refer to note 2 for information
regarding interest rate and credit risk.
(d) Fair value
The carrying amount of cash and cash equivalents
equals the fair value.
Note 08
Current assets - Held to maturity investments
Consolidated
2012
2011
$’000
$’000
Held to maturity investments
-
20,418
-
20,418
The “held to maturity investments” are term
deposits invested for a period greater than 90
days, but not more than 182 days in accordance
with Board approved Treasury Investment Policy.
The weighted average interest for the year ended
30 June 2012 for held to maturity investments
was 5.83% (2011: 6.10%).
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