FINANCIAL STATEMENTS - Mewah Group
FINANCIAL STATEMENTS - Mewah Group
FINANCIAL STATEMENTS - Mewah Group
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ANNUAL REPORT 2012NOTES TOTHE <strong>FINANCIAL</strong> <strong>STATEMENTS</strong>For the financial year ended 31 December 201217. CASH AND CASH EQUIVALENTS<strong>Group</strong>Company2012 2011 2012 2011US$’000 US$’000 US$’000 US$’000Cash at bank and on hand 31,679 49,352 381 15,509Short-term bank deposits 17,068 87,447 - 25,57348,747 136,799 381 41,082For the purposes of presenting the consolidated statement of cash flows, cash and cash equivalents comprise the following:<strong>Group</strong>2012 2011US$’000US$’000Cash and bank balances (as above) 48,747 136,799Less: Bank overdrafts (Note 24) - (164)Less: Restricted short-term bank deposits (190) (171)Cash and cash equivalents per consolidated statement of cash flows 48,557 136,464Restricted short-term bank deposits are deposits placed with a financial institution as security for banking facilities.75
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