Company Notes


 
Notes to the Company Annual Financial Statements
for the year ended 30 June 2011
 
 
    2011  
R’million  
  2010  
R’million  
7.   CASH AND CASH EQUIVALENTS        
  Bank balances   87,0     902,1  
  The average effective interest rate on bank balances was 5,5% (2010: 4,7%).  
  The maturity profile of the bank balances is less than one month.  
  All cash and cash equivalents are denominated in Rand.  
  Cash and cash equivalents are placed with high quality financial institutions.