Annual Report 2017-18 | Monash Health
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Notes to the Financial Statements<br />
<strong>Monash</strong> <strong>Health</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2017</strong>/20<strong>18</strong><br />
Note 6.2: Cash and Cash Equivalents<br />
Consolidated Consolidated<br />
20<strong>18</strong> <strong>2017</strong><br />
$'000<br />
$'000<br />
Cash on Hand 74 74<br />
Cash at Bank i 160,858 115,935<br />
Total Cash and Cash Equivalents 160,932 116,009<br />
Represented by:<br />
Cash as per Cash Flow Statement 145,888 103,390<br />
Cash for Monies Held in Trust (refer to Note 5.3)<br />
- Cash at Bank 15,044 12,619<br />
Total Cash and Cash Equivalents 160,932 116,009<br />
i<br />
$7.6m (<strong>2017</strong>: $7.9m) relates to funding from the Commonwealth Department of <strong>Health</strong> and Human Services for the <strong>Monash</strong><br />
<strong>Health</strong> Translation Precinct.<br />
Cash and cash equivalents recognised on the Balance Sheet comprise cash on hand and in banks,<br />
deposits at call and highly liquid investments (with an original maturity date of three months or less),<br />
which are held for the purpose of meeting short term cash commitments rather than for investment<br />
purposes, which are readily convertible to known amounts of cash and are subject to insignificant risk<br />
of changes in value.<br />
For cash flow statement presentation purposes, cash and cash equivalents include any bank overdrafts,<br />
which are included as liabilities on the Balance Sheet.<br />
115
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