Annual Report 2016
119
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
8.
CASH AND CASH EQUIVALENTS AND RESTRICTED BANK DEPOSITS
THE GROUP
THE COMPANY
2016
2015
2016
2015
HK$’000
HK$’000
HK$’000
HK$’000
Cash at bank
465,014
293,913
3,063
3,367
Term deposits
19,489
14,171
–
–
Cash on hand
493
387
–
–
484,996
308,471
3,063
3,367
Analysed as:
Cash and cash equivalents
(a)
482,601
305,955
3,063
3,367
Restricted bank deposits
(b)
2,395
2,516
–
–
484,996
308,471
3,063
3,367
Notes:
(a)
As at March 31, 2016, cash and cash equivalents comprise cash held by the Group of HK$465,507,000
(2015: HK$294,300,000) and short-term bank deposits with an original maturity of three months or less of
HK$17,094,000 (2015: HK$11,655,000). The carrying amounts of these assets approximate their fair values.
The short-term deposits bear average effective interest of 0.255% (2015: 0.135%) per annum and for tenure
of 7 days (2015: 8 days).
(b)
The balance is pledged to a bank to facilitate the customs’ clearing process. As at March 31, 2016, the
restricted bank deposits bear average effective interest of 2.25% (2015: 3.25%) per annum and for tenure of
379 days (2015: 365 days).
