| Notes to the financial statements l Note 21 |
|
| 21. |
Cash and cash equivalents |
| |
| |
Company |
| |
2021
Rm |
|
2020
Rm |
| Cash at bank and on hand |
# |
|
30 |
| Cash equivalents |
– |
|
– |
| |
# |
|
30 |
| |
Group |
| |
2021
Rm |
|
2020
Rm |
| Cash at bank and on hand |
571 |
|
586 |
| Cash equivalents |
510 |
|
274 |
| |
1 081 |
|
860 |
Cash at banks earn interest at floating rates based on daily bank deposit rates.
Cash equivalents are made for varying periods of between one day and three months, depending on immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.
The fair value approximates the carrying value due to the short-term nature of these balances, with no expected credit loss recognised. |
| Notes to the financial statements l Note 21 |
|
|