Notes to and forming part of the consolidated financial
statements for the year ended 30 June 2010
Note 8. Current assets – Cash and cash equivalents
2010 2009
$’000 $’000
Cash at bank and on hand 109,985 95,873
Cash on deposit – at call 2,731 2,106
Balance per statement of cash flows 112,716 97,979
Fair value
The fair value is considered to be the same as the carrying value.
Deposits at call
The deposits bear floating interest rates ranging from 0.05 per cent to 4.45 per cent (2009: 0.05 per cent to 8.20 per cent) per annum.
Cash at bank
Cash at bank bears floating interest rates ranging from 0.0 per cent to 4.15 per cent (2009: 0.00 per cent to 7.75 per cent) per annum.
Note 9. Current assets – Trade and other receivables
2010 2009
$’000 $’000
Trade and other receivables 481,898 503,506
Less: Provision for impairment of receivables (4,427) (4,747)
477,471 498,759
Loans to joint ventures and partnerships 8,900 11,343
Loans to employees 186 847
486,557 510,949
Risk management
Information on financial risk management policies is included in Note 2.
Fair value
Due to the short-term nature of current trade and other receivables, the fair value is considered to be the same as the carrying value.