| 13. | Cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash at bank earns interest at a floating rate based on daily bank deposit rates. Call deposits are made for varying periods of between one day and one month depending on the immediate cash requirements of the Group, and earn interest at the respective call deposit rates. The Group's exposure to interest rate risk and sensitivity analysis for financial assets and financial liabilities are disclosed in note 27. While cash and cash equivalents are also subject to impairment requirements of IFRS 9: Financial Instruments, the identified impairment loss was immaterial. * The cash held by the Venture for rehabilitation is not restricted cash but has been set aside to fund the environmental rehabilitation. The funding requirements for the rehabilitation, as currently mandated by the Department of Mineral Resources and Energy, are funded through guarantees. Refer to note 27. |
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