Notes to the annual financial statements
for the year ended 28 February 2010
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| 2010 Rm |
2009 Rm |
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| 17. | Cash and cash equivalents | |||
| Cash and cash equivalents comprise: | ||||
| Cash balances | 1 428.1 | 1 221.9 | ||
| Bank overdraft | (372.8) | (149.1) | ||
| At 28 February | 1 055.3 | 1 072.8 | ||
| The bank overdraft is secured by an unlimited suretyship given by the Company and certain subsidiary companies. Interest is earned on a daily basis on the net cash and cash equivalents balance through the Group’s cash management system with the bank. | ||||
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