Wintec Annual Report 2009

FINANCIAL PERFORMANCE
NOTES TO THE FINANCIAL STATEMENTS (CONT)
FOR THE YEAR ENDED 31 DECEMBER 2009
4 CASH AND CASH EQUIVALENTS CONSOLIDATED PARENT
2009 2008 2009 2008
$000 $000 $000 $000
Cash at bank and in hand 1,142 (113) 761 (113)
Short-term deposits - - - -
1,142 (113) 761 (113)
Cash at bank and in hand earns interest at floating rates based on daily bank deposit rates.
Short-term deposits are made for varying periods of between one day and three months
depending on the immediate cash requirements of the Institute, and earn interest at the
respective short-term deposit rates. The carrying value of cash and cash equivalents recorded in the
financial statements is approximately their fair value.
Reconciliation of cash for the purpose of the cash flow statement
For the purpose of the cash flow statement, cash and cash equivalents comprise
the following as at 31 December.
CONSOLIDATED
PARENT
2009 2008 2009 2008
$000 $000 $000 $000
Cash at bank and in hand 1,142 - 761 -
Short-term deposits - - - -
Bank overdrafts (note 17) - (113) - (113)
1,142 (113) 761 (113)
Wintec Annual Report 2009 _ 51