China Ceramics Co., Ltd | CIK:0001470683 | 3

  • Filed: 5/4/2018
  • Entity registrant name: China Ceramics Co., Ltd (CIK: 0001470683)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/0001144204-18-025395-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1470683/000114420418025395/cccl-20171231.xml
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    • ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory

    19.
    CASH AND BANK BALANCES
     
     
     
    As of December 31,
     
     
     
    2017
     
    2016
     
     
     
    RMB’000
     
    RMB’000
     
    Cash on hand
     
     
    42
     
     
    65
     
    Cash at banks
     
     
    2,286
     
     
    45
     
    Cash and bank balances
     
     
    2,328
     
     
    110
     
     
    Cash and bank balances are denominated in the following currencies:
     
     
     
    As of December 31,
     
     
     
    2017
     
    2016
     
     
     
    RMB’000
     
    RMB’000
     
    Renminbi
     
     
    171
     
     
    105
     
    Hong Kong dollars
     
     
    6
     
     
    -
     
    US dollars
     
     
    2,151
     
     
    5
     
     
     
     
    2,328
     
     
    110
     
     
    Bank balances denominated in Renminbi are deposited with banks in the PRC and are not freely convertible to foreign currencies. The conversion of these RMB denominated balances into foreign currencies is subject to the foreign exchange control rules and regulations promulgated by the PRC Government.
     
    Bank balances denominated in US dollars are mainly held in bank accounts in Hong Kong and the United States of America.
     
    Cash at banks and bank deposits comprise cash held by the Company and short-term bank deposits with an original maturity of three months or less. The deposits carry interest at prevailing market rates.
     
    As of December 31, 2017, the Company has restricted cash of nil (2016: nil), of which nil (2016: nil) was used as collateral for the Company’s bank borrowings (Note 22), and nil was used as collateral for the Company’s financial derivatives (2016: nil). They were temporarily not available for general use by the Company.