Axiom 2014 Annual Report - page 61

Notes to the Financial Statements
for the year ended 30 September 2014
59
2014 Annual Report
7. Cash and cash equivalents
2014
$000
2013
$000
Cash at bank and on hand
2,170
410
Short-term bank deposits
13
12
Funds held in trusts
121
269
2,304
691
The effective interest rate on short-term bank deposits was 3.54% (2013: 2.57%). These
deposits have an average maturity of 90 days.
Reconciliation of cash
Cash at the end of the financial year as shown in the statement of cash flows is reconciled
to items in the statement of financial position as follows:
Cash and cash equivalents
2,304
691
8. Other receivables
2014
$000
2013
$000
Prepayments
70
73
Other receivables
1,021
246
1,091
319
Terms and conditions
Other receivables comprise sundry debtors.
Sundry debtors are non-interest bearing and have repayment terms between 30 to 90 days.
GROUP FINANCIAL REPORT
1...,51,52,53,54,55,56,57,58,59,60 62,63,64,65,66,67,68,69,70,71,...116
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