NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 3.1.3

3. Financial instruments and financial risks
3.1 Financial assets
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  

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 3.1.3