Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
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Notes to the<br />
financial statements<br />
16 cash and short term<br />
deposits<br />
<strong>2010</strong><br />
Us$’000<br />
grOUp<br />
2009<br />
Us$’000<br />
<strong>2010</strong><br />
Us$’000<br />
cOMpAny<br />
2009<br />
Us$’000<br />
Cash 19,925 10,077 4,364 6,195<br />
Short-term deposit 70,000 125,000 70,000 125,000<br />
Cash and short-term deposits 89,925<br />
135,077 74,364<br />
131,195<br />
Cash at banks earn interest at floating rates based on daily bank deposit rates. Short-term deposits are made for<br />
varying periods of up to twelve months, depending on the immediate cash requirements of the Group and earn<br />
interest at the various short-term deposit rates. There are no deposits that are past due or impaired.<br />
61<br />
<strong>Ophir</strong> energy plc | <strong>2010</strong> ANNUAL REPORT<br />
grOUp AccOUnTs | NOTEs TO THE fiNANCiAL sTATEmENTs<br />
17 Trade and other payables<br />
Amounts falling due within one (1) year<br />
Trade creditors<br />
2,121 5,833<br />
389<br />
689<br />
Accruals<br />
15,381 7,628<br />
433<br />
3<br />
Payables in relation to joint venture partner a<br />
42,225<br />
- - -<br />
59,727 13,461 822 692<br />
Refer to notes 2.12 and 2.15 for terms and<br />
conditions.<br />
a<br />
The Group has a liability in respect of a joint venture partner’s share of liabilities arising under contracts entered into by a subsidiary.<br />
This amount is offset by a receivable of the same amount included in note 14.<br />
18 provisions<br />
Amounts falling due within one (1) year<br />
Employee provisions for annual leave 611 522 192 392<br />
Amounts falling due after more than<br />
one (1) year<br />
Employee provisions for long service leave 310 252 - -
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