In this section
Financial Statements
Notes to the financial statements
for the year ended 31 December 2011
26 Cash and bank balances
Group
| 2011 USD’000 | 2010 USD’000 | |||
|---|---|---|---|---|
| Cash at bank and on hand | 43,897 | 36,916 | ||
| Short-term and margin deposits | 105,480 | 173,307 | ||
| Cash and bank balances | 149,377 | 210,223 | ||
| Less: Margin deposits | (18,127 | ) | (5,973 | ) |
| Less: Deposits with an original maturity of more than three months | (87,353 | ) | (67,446 | ) |
| Less: Bank overdraft | (392 | ) | – | |
| Cash and cash equivalents (for purpose of cash flow statement) | 43,505 | 136,804 |
At 31 December 2011, the cash at bank and short-term deposits were held with 12 (2010: eight) banks. The effective interest rate on short-term deposits was 1.04% (2010: 2.08%) per annum. Margin deposits of USD 18.1m (2010: USD 6m) and deposits with an original maturity of more than three months amounting to USD 76.8m (2010: USD 42m) are held under lien against guarantees issued by the banks (Note 39).
Company
Cash at bank comprises cash held with one bank.
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Download a PDF of the 2011 Annual Report