| |
|
|
|
| 16. |
cash and cash equivalents |
|
|
| |
|
2009 |
2008 |
| |
|
R million |
R million |
| |
Cash at the centre |
4 389 |
3 273 |
| |
Operating subsidiaries |
661 |
661 |
| |
|
5 050 |
3 934 |
| |
|
|
|
| |
The cash is held in the following currencies: |
|
|
| |
South African rand |
1 513 |
1 201 |
| |
British pound |
118 |
2 733 |
| |
USA dollar |
2 283 |
– |
| |
Euro |
946 |
– |
| |
Swiss franc |
190 |
– |
| |
|
5 050 |
3 934 |
| |
|
|
|
| |
At year-end cash and cash equivalents earned interest at effective interest rates that |
|
|
| |
rvary between 9.25% and 10.86% (2008: 10.85% and 10.95%) per annum at local financial |
|
|
| |
institutions and between 0.03% and 5.30% (2008: 5.20% and 5.45%) per annum abroad. |
|
|
| |
|
|
|
| |
Cash and cash equivalents are represented by the following: |
|
|
| |
United Kingdom treasury bills |
41 |
2 557 |
| |
United States treasury bills |
772 |
– |
| |
German treasury instruments |
157 |
– |
| |
Current accounts and money market instruments |
4 079 |
1 376 |
| |
Cash |
1 1 |
|
| |
|
5 050 |
3 934 |
| |
|
|
|
| |
At year-end the Group’s cash was invested at financial institutions with the following |
|
|
| |
Moody’s credit rating (unless otherwise indicated): |
|
|
| |
Aaa |
970 |
2 648 |
| |
Aa1 |
– |
100 |
| |
Aa2 |
1 051 |
– |
| |
Aa3 |
27 |
98 |
| |
A1 |
1 063 |
– |
| |
Baa1 |
1 475 |
1 087 |
| |
F1+ (Fitch credit rating) |
463 |
– |
| |
Cash on hand |
1 |
1 |
| |
|
5 050 |
3 934 |
