2012 wintec annual report
2012 wintec annual report
2012 wintec annual report
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WINTEC ANNUAL<br />
REPORT <strong>2012</strong><br />
53<br />
4 CASH AND CASH EQUIVALENTS<br />
CONSOLIDATED<br />
<strong>2012</strong><br />
$’000<br />
2011<br />
$’000<br />
<strong>2012</strong><br />
$’000<br />
PARENT<br />
2011<br />
$’000<br />
Cash at bank and in hand 1,339 1,885 7 8<br />
Short-term deposits - - - -<br />
Total 1,339 1,885 7 8<br />
Cash at bank and on hand earns interest at floating rates based on daily bank deposit rates.<br />
Short-term deposits are made for varying periods of between one day and three months depending on the immediate cash requirements of<br />
the institute, and earn interest at the respective short-term deposit rates.<br />
The carrying value of cash and cash equivalents recorded in the financial statements approximates their fair value.<br />
Reconciliation of cash for the purpose of the cash flow statement<br />
For the purpose of the cash flow statement, cash and cash equivalents compromise the following as at 31 December.<br />
CONSOLIDATED<br />
PARENT<br />
Notes<br />
<strong>2012</strong><br />
$’000<br />
2011<br />
$’000<br />
<strong>2012</strong><br />
$’000<br />
Cash at bank and on hand 1,339 1,885 7 8<br />
Short-term deposits - - - -<br />
2011<br />
$’000<br />
Bank overdrafts 14 - (4,996) 7 2 (5,000)<br />
Total 1,339 (3,111) (65) (4,992)<br />
FINANCIAL PERFORMANCE<br />
1<br />
2<br />
3<br />
4<br />
5<br />
6<br />
7<br />
8<br />
9<br />
10
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