Annual Report and Accounts 2011

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Notes to the Annual Financial Statements
For the year ended 30 June 2011

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20. Cash

US$ million 2011 2010
Cash and cash equivalents – unrestricted 96.9 24.8
Cash – restricted 228.0 9.7
324.9 34.5

Under the terms of the agreement to purchase the Finsch mine from DBCM (refer to note 29), the Group deposited funds to settle the purchase consideration into an escrow deposit account. At 30 June 2011, the amounts held on deposit totalled US$213.2 million.

As security for the Group's rehabilitation obligations at the Helam, Star, Sedibeng and Kimberley Underground mines, the Company has ceded US$14.8 million (30 June 2010: US$9.7 million) in a fixed deposit. The restricted cash will return to the Group's sole control when the above mentioned operations are included in the Group's rehabilitation insurance product which currently includes the Cullinan and Koffiefontein mines. The Group has a commitment to pay insurance premiums over the next three years of US$23.3 million to fund the insurance product. The rehabilitation provisions are disclosed in note 24.

A controlled entity, Helam Mining (Pty) Ltd, has a R10.0 million (US$1.5 million) (30 June 2010: R10 million (US$1.3 million)) overdraft facility with First National Bank, a division of FirstRand Bank Ltd. At year end and at 30 June 2010, the overdraft was not utilised. When utilised, the overdraft is off-set against other cash balances held with First National Bank as it forms part of the Group's operational cash balances. The weighted average interest rate for the overdraft as at 30 June 2011 is 0% (30 June 2010: 0%). For additional facilities available to the Group refer to note 22.