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Annual - Johnson Electric

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20. Other investments<br />

NOTES TO THE ACCOUNTS<br />

Group 2006 2005<br />

US$’000 US$’000<br />

Unlisted investments – 24,386<br />

Listed investments, outside Hong Kong – 34,427<br />

Total – 58,813<br />

From 1st April 2005 onwards, the Group classifies its investments in the following categories: financial assets at<br />

fair value through profit or loss, and available-for-sale financial assets. The classification depends on the purpose<br />

for which the investments were acquired. Management determines the classification of its investments at initial<br />

recognition and re-evaluates this designation at every reporting date.<br />

21. Bank balances and cash<br />

Group Company<br />

2006 2005 2006 2005<br />

US$’000 US$’000 US$’000 US$’000<br />

Cash at bank and in hand 67,228 38,923 651 181<br />

Short-term bank deposits 171,282 137,398 360 –<br />

238,510 176,321 1,011 181<br />

The effective interest rate on short-term bank deposits was 4.32% (2005: 2.58%); these deposits have an average<br />

maturity of 30 days.<br />

Cash included in the cash flow statement as follows:<br />

Group Company<br />

2006 2005 2006 2005<br />

US$’000 US$’000 US$’000 US$’000<br />

Cash and cash equivalents 238,510 176,321 1,011 181<br />

<strong>Johnson</strong> <strong>Electric</strong> Holdings Limited 83

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