61 TE PŪRONGO 2013
Group
Group Parent
Parent
2013
2012
2013 2012
$’000
$’000
$’000 $’000
Cash at bank and in hand
3,034
3,376
1,924 2,703
Term deposits with maturities less than 3 months
-
2,000
-
2,000
Total cash and cash equivalents
3,034
5,376
1,924 4,703
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
2013
2012
2013 2012
$’000
$’000
$’000 $’000
Tauira receivables
Tauira fee receivables
928
662
928
662
Less: provision for impairment
-
(16)
-
(16)
Net tauira fee receivables
928
646
928
646
Other receivables
Trade receivables
1,005
550
1,001
550
Accrued interest
1,164
1,808
1,119 1,683
Related party receivables
Subsidiary (note 19)
-
-
11
24
Other related party (note 19)
79
261
-
52
Gross tauira and other receivables
2,248
2,619
2,131 2,309
Less: provision for impairment
-
(17)
-
(17)
Total tauira and other receivables
3,176
3,248
3,059 2,938
Fair Value
Other receivables are non-interest bearing and receipt is normally on 30-day terms. Therefore the carrying value of other
receivables approximates their fair value.
Tauira receivables are non-interest bearing and receipt is normally on enrolment and no later than graduation. Therefore the
carrying value of tauira receivables approximates their fair value.
6. Tauira and other receivables
