13. Cash and bank balances
Group
Company
2015 2014 2015 2014
$’000 $’000 $’000 $’000
Cash on hand
25
46
–
–
Cash at banks
77,894 73,109
1,190
2,663
77,919 73,155
1,190
2,663
Cash at banks of the Group amounting to $41,161,000 (2014: $43,167,000) earns interest
based on daily bank deposit rates.
For the purpose of consolidated statement of cash flows, cash and cash equivalents
comprise the following:
Group
2015 2014
$’000 $’000
Bank balances, deposits and cash
77,919 73,155
Less: Restricted cash
- Cash at banks
(1,924)
(1,850)
75,995 71,305
Bank overdrafts (unsecured) (Note 18)
(1,130)
(6,724)
Cash and cash equivalents
74,865 64,581
The Group’s restricted cash has been set aside for specific use with respect to certain
banking facilities granted to the Group (Note 17).
NOTES TO THE FINANCIAL
STATEMENTS
For the financial year ended 30 June 2015
ASL Marine Holdings Ltd. /Annual Report 2015
129
