NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
119
ANNUAL REPORT 2015
28
CASH AND CASH EQUIVALENTS
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Cash at banks and in hand
61,976
142,729
23,256
113,236
Short-term deposits
177,349
337,441
82,323
274,174
239,325
480,170
105,579
387,410
Cash at banks earn interest at floating rates based on daily bank deposit rates. Short-term deposits are placed for varying
periods depending on the immediate cash requirements of the Group, and earn interest at the respective short-term
deposit rates. The weighted average effective interest rates as at 31 December 2015 for the Group and the Company were
1.5% (2014: 1.2%) per annum and 1.2% (2014: 0.9%) per annum respectively. Certain cash balances are pledged to secure
bank facilities (note 32).
Cash and cash equivalents denominated in foreign currencies other than the functional currencies of the respective Group
entities are as follows:
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Australian Dollar
1,844
1,384
1,393
1,384
United States Dollar
4,591
4,099
–
–
Singapore Dollar
20,954
10,552
–
–
Hongkong Dollar
–
829
–
–
Japanese Yen
548
633
–
–
For the purpose of the consolidated cash flow statement, cash and cash equivalents comprise the following at the end of
the reporting period:
Group
2015
2014
$’000
$’000
Cash and cash equivalents of the Group
239,325
480,170
Disposal group classified as held for sale (note 25)
–
4,502
239,325
484,672
