Annual report 2012
5 Cash and cash equivalents (continued)
Reconciliation of cash for the purpose of the cash flow statement
For the purpose of the cash flow statement, cash and cash equivalents comprise the following as at
31 December.
Group Group Parent Parent
2012 2011 2012 2011
$’000 $’000 $’000 $’000
Cash at bank and in hand
3,376
5,123
2,703
4,191
Term deposits with maturities less than 3 months
2,000
6,723
2,000
5,000
Total cash and cash equivalents
5,376
11,846
4,703
9,191
6 Debtors and other receivables
Group Group Parent Parent
2012 2011 2012 2011
$’000 $’000 $’000 $’000
Tauira receivables
Tauira fee receivables
662
522
662
522
Less provision for impairment
(16)
(7)
(16)
(7)
Net Tauira fee receivables
646
515
646
515
Other receivables
Trade receivables
550
228
550
228
Accrued interest
1,808
1,787
1,683
1,733
Related party receivables
Subsidiary (note 19)
-
-
24
13
Other related parties (note 19)
261
155
52
-
Gross debtors and other receivables
2,619
2,170
2,309
1,974
Less provision for impairment
(17)
(13)
(17)
(13)
Total debtors and other receivables
3,248
2,672
2,938
2,476
Fair Value
Other debtors are non-interest bearing and receipt is normally on 30-day terms. Therefore the carrying
value of other debtors approximates their fair value.
Tauira debtors are non-interest bearing and receipt is normally on enrolment and no later than
graduation. Therefore the carrying value of Tauira debtors approximates their fair value.
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