5. Cash and cash equivalents
The Company considers all highly liquid investments with an initial maturity of up to three months to be cash equivalents. Cash and cash equivalents consist of the following:
| As at | ||||||||
| March 31, | March 31, | |||||||
| 2018 | 2017 | |||||||
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Cash and bank balances |
$ | 47,738 | $ | 46,110 | ||||
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Short term deposits with banks |
52,091 | 23,693 | ||||||
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Total |
$ | 99,829 | $ | 69,803 | ||||
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Short term deposits can be withdrawn by the Company at any time without prior notice and are readily convertible into known amounts of cash with an insignificant risk of changes in value.