NOTE 06
CURRENT ASSETS – CASH AND CASH EQUIVALENTS
Consolidated
2013
$’000
2012
$’000
Cash at bank and in hand
51,829
45,924
Deposits at call
165,546
-
217,375
45,924
(a) Interest rate risk exposure
The Group’s exposure to interest rate risk is discussed in note 30.
(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 30 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 over various short term periods in accordance with Board approved Treasury Policy.
Refer to note 30 for information regarding interest rate and credit risk.
(d) Fair value
The carrying amount of cash and cash equivalents equals the fair value.
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