21. CASH AND CASH EQUIVALENTS
ACCOUNTING POLICY
Cash and cash equivalents comprise cash on hand, demand deposits and short-term, highly liquid investments readily convertible to known amounts of cash and subject to insignificant risk of changes in value and are measured at amortised cost which is deemed to be fair value as they have a short-term maturity.
|
Figures in million - SA rand |
|
2017 | 2016 | 2015 |
|
Cash at the bank and on hand1 |
|
2,062.4 |
967.9 |
717.4 |
|
Total cash and cash equivalents |
|
2,062.4 |
967.9 |
717.4 |
1 At 31 December 2017, restricted cash of US$6.2 million (R76.6 million) was held in a money market fund as collateral for the environmental bonding requirements in the US.
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