bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
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180<br />
<strong>ArcelorMittal</strong> <strong>South</strong> <strong>Africa</strong><br />
Annual Report 2010<br />
26. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT continued<br />
26.8 Liquidity risk management continued<br />
Annual<br />
effective 0 – 6<br />
interest months<br />
rate 1 Rm<br />
7 – 12<br />
months<br />
Rm<br />
1 – 5<br />
years<br />
Rm<br />
>5 years<br />
Rm<br />
Discount<br />
Rm<br />
Carrying<br />
amount<br />
Rm<br />
Group<br />
For the year ended<br />
31 December 2010<br />
Fixed interest rate<br />
receivables<br />
• Trade and other<br />
receivables 2 0.3% 1 822 (6) 1 816<br />
Fixed and variable interest<br />
rate cash holdings<br />
• Cash and cash<br />
equivalents 3 4.3% 3 581 76 (151) 3 506<br />
Total 5 403 76 (157) 5 322<br />
Group<br />
For the year ended<br />
31 December 2009<br />
Fixed interest rate<br />
receivables<br />
• Trade and other<br />
receivables 2 0.3% 2 102 (6) 2 096<br />
Fixed and variable interest<br />
rate cash holdings<br />
• Cash and cash<br />
equivalents 3 2.3% 4 397 49 (98) 4 348<br />
Total 6 499 49 (104) 6 444<br />
1<br />
Calculated over the remaining tenure of the non-derivative financial asset.<br />
2<br />
Fixed-rate interest applicable on overdue accounts.<br />
3<br />
Fixed and variable rates applicable to call and short-term deposit holdings. Maturity profile reflects the synthesised<br />
availability of the cash and cash equivalents on hand at the end of the reporting period, and the expected annual interest<br />
income to be earned thereon.
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