19. Prepayments and deposits
20. Cash and short term deposits
Short term deposits are made for varying periods of between 1 week to 6 months depending on the immediate cash requirements
of the Group and the Company, and earn interest at the respective short-term deposit rates. The average effective interest rates
as at 31 December 2014 for the Group and the Company were 0.41% (2013: 0.2818%) per annum and 0.57% (2013: 0.54%) per
annum respectively.
For the purpose of the consolidated cash flow statement, cash and cash equivalents comprise the following at the end of the
reporting period:
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
Group
Company
2014
2013
2014
2013
(Restated)
S$’000
S$’000
S$’000
S$’000
Cash at banks and on hand
75,700
13,034
155
25
Short term deposits
89,838
89,744
25,336
24,799
Cash and short term deposits
165,538
102,778
25,491
24,824
Group
2014
2013
(Restated)
S$’000
S$’000
Prepayments
9,132
563
Deposits
448
1,600
9,580
2,163
Group
2014
2013
(Restated)
S$’000
S$’000
Cash at banks and on hand
75,700
13,034
Short term deposits
89,838
89,744
Cash and cash equivalents
165,538
102,778
Hock Lian Seng Holdings Limited
Annual report 2014
78
