124
Baker Technology LimitedAnnual Report 2014
21.
Cash and short-termdeposits
Group
Company
2014
2013
2014
2013
$
$
$
$
Cash at banks and inhand
118,554,329
154,686,561
86,439,198
105,625,796
Short-termdeposits
50,131,074
51,184,494
50,131,074
51,184,494
168,685,403
205,871,055
136,570,272
156,810,290
Cash at banks earns interest at floating rates based on daily bank deposit rates. Short-term deposits
are made for varying periods of between one week to three months depending on the immediate cash
requirements of the Group and Company, and earn interests at the respective short-term deposit rates
ranging from 0.22% to 1.00% (2013: from 0.01% to0.85%) per annum.
Cash and short-termdeposits denominated in foreign currencies at 31December are as follows:-
Group
Company
2014
2013
2014
2013
$
$
$
$
UnitedStates dollar
63,562,773
58,615,645
40,396,781
37,640,863
Euro
1,994,323
8,880,291
445,347
504,298
For thepurposeof theconsolidatedcashflow statement, cashandcashequivalentscomprise the following
at theendof the reportingperiod:
Group
2014
2013
$
$
Cash and short-termdeposits
168,685,403
205,871,055
Less: Depositswithmore than threemonthsmaturity
–
(4,000,000)
Cash and cashequivalents
168,685,403
201,871,055
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31December 2014
