Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201211531 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS24. CASH AND CASH EQUIVALENTSGroupCompany2012 2011 2012 2011$’000 $’000 $’000 $’000Not restricted in use 16,801 12,167 3,356 3,805Restricted in use 1,726 618 – –18,527 12,785 3,356 3,805Interest earning balances 1,855 634 1,000 –Details of restricted cash balances are as follows:Group2012 2011Under Financing Activities $’000 $’000Fixed deposits held by banks as securitydeposits for loans and borrowings 706 500Fixed deposits held by banks as securitydeposits for performance bond 30 30Bank balances held by banks as securitydeposits for foreign currency contract facilities 88 88Under Operating ActivitiesBank balances set aside for payments to specific creditors 902 –1,726 618Other than the amount that is restricted in use, cash and cash equivalents represent amounts with less than90 days maturity.The rate of interest for the cash on interest earning accounts is between 0.1% and 0.8% (2011: 0.1% and0.8%) per annum.