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 1,436 1,567 617 1,364
Term deposits maturing three months or less from date of acquisition 10,128 8,933   9,764 8,829
11,564 10,500   10,381 10,193

The carrying value of cash at bank and 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.



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