|  Notes to the Financial Statements Note 8: Cash and Cash Equivalents | Consolidated | | University | | This Year | Last Year | | This Year | Last Year | | $000 | $000 | | $000 | $000 | Cash at bank and in hand | 3,265 | 9,780 | | 2,597 | 7,374 | Short term deposits maturing three months or less from date of acquisition | 15,887 | 10,350 | | 15,798 | 10,350 | | 19,152 | 20,130 | | 18,395 | 17,724 | The carrying value of short-term deposits with maturity dates of three months or less approximates their fair value. Refer to note 26 for weighted average effective interest rate for cash and cash equivalents. | |