NOTES TO THE FINANCIAL STATEMENTS
Note 5: Cash and Cash Equivalents
2021 $
2020 $
Current Cash at bank
1,075,983
1,014,904
Cash on hand
377
363
1,076,360
1,015,267
Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of 3 months or less. For the purpose of the Consolidated Statement of Cash Flows, cash and cash equivalents consist of cash and short-term deposits as defined above. (a) Cash at bank earns interest at floating rates based on daily bank deposit rates (b) Banking facilities At 30 June 2021, the Group had available the following undrawn committed borrowing facilities in respect of which all conditions had been met.
2021 $
2020 $
Current Finance facility
2,596,331
2,854,746
Business credit card
207,901
207,522
2,804,232
3,062,268
(c) Reconciliation to the Statement of cash flows Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the balance sheet as follows: Cash 1,015,267 1,076,360 1,015,267 1,076,360 Non–Current Held as bank guarantee 100,947 100,947 100,947 100,947
GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 I 53
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