12 Cash and Deposits

Cash at bank and on hand23,29925,522
Bank deposits318,503219,172
Total cash and deposits341,802244,694
Average effective interest rate on bank
    deposits at year end
Average remaining maturity of
    bank deposits
61 days25 days
Cash and cash equivalents329,244227,040
Term deposits12,50017,596
Cash and deposits341,744244,636
Restricted bank deposits included in
    non-current assets
Total cash and deposits341,802244,694

Cash and deposits are mainly denominated in United States Dollars and the carrying values approximate their fair values due to the short-term maturities of these assets.

Accounting policy – Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and deposits held with banks and other short-term highly liquid investments with original maturities of three months or less.


Cash flow and cash

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