91
GROUP
CO-OPERATIVE
GROUP
CO-OPERATIVE
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
6. CASH AND BANK BALANCES
7. TRADE RECEIVABLES
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Cash on hand
7,013 33,792
7,009 33,788
Cash at bank
162,665 137,634
137,654 115,205
Fixed deposits
124,191 200,856
124,191 200,856
Cash and bank balances
293,869 372,282
268,854 349,849
Less: Restricted cash
(1,181)
-
(1,181)
-
Cash and cash equivalents
292,688 372,282
267,673 349,849
Fixed deposits of the Group and the Co-operative bear interest at average rates ranging from 0.05% to 0.25%
(2012 : 0.03% to 0.27%) per annum. The fixed deposits are for an average tenure of approximately 24 days
(2012 : 14 days).
Included in cash at bank is $1,181,000 held by the bank as escrow account for the project Saigon Co-operative Limited
Liability which balances are not available for general use by the Group.
Significant cash and cash equivalents of the Group and Co-operative which are not denominated in the functional
currency of the Group entities are as follows:
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Accrued receivables
-
31,362
-
31,362
Outside parties
18,666 11,839
17,855 11,327
Less: Allowance for doubtful receivables
(315)
(65)
(315)
(65)
18,351 43,136
17,540 42,624
Jointly controlled entity (Note 12)
-
-
-
-
Associates (Note 11)
341
394
341
394
Total
18,692 43,530
17,881 43,018
The average credit period on sale of goods is 30 days (2012 : 30 days).
2013
2012
$’000
$’000
United States dollar
2,191
715
Group and Co-operative
