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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
continued
For the year ended 31 May 2016
119
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
3.
Financial instruments and financial risks
continued
3.1 Financial assets continued
3.1.3 Cash and cash equivalents
Cash and cash equivalents include cash on hand and deposits held on call with banks.
2016
R’000
2015
R’000
Cash at bank
588 950
788 283
Cash on hand
77
128
589 027
788 411
Included in this balance is restricted cash of R26.2 million (2015: R2.3 million),
received on behalf of and immediately due to third parties, that may not be utilised
in the Group’s ordinary course of business.
Cash at bank and short-term bank deposits
Credit rating based on latest S&P Global Ratings local currency long-term issuer
default ratings
AA
—
102 822
AA-
207 822
—
A
—
1 045
A-
310
—
BBB-
380 806
683 822
Other
12
594
588 950
788 283