Page 139 - Neal and Massy Holdings Annual Report 2012

137 forward focused
19 Cash And Cash Equivalents (continued)
2012 2011
$ $
Transferred to disposal group classified as held for sale:
Cash at bank and in hand (11,753) (8,358)
Group total 1,304,737 1,123,142
The effective interest rate on short-term bank deposits is 1% (2011: 1%). These deposits have an average maturity of 90 days.
Cash, cash equivalents and bank overdrafts include the following for the purposes of the cash flow statement:
2012 2011
$ $
Continuing operations:
Cash and cash equivalents 1,304,737 1,123,142
Bank overdrafts (4,038) (4,616)
Cash, net of bank overdrafts 1,300,699 1,118,526
Transferred to disposal group classified as held for sale:
2012 2011
$ $
Cash and cash equivalents 11,753 8,358
Bank overdrafts (18,805) (15,912)
Group total
Cash and cash equivalents 1,316,490 1,131,500
Bank overdrafts (22,843) (20,528)
Cash, net of bank overdrafts 1,293,647 1,110,972