NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022
Note 5: Cash and Cash Equivalents
2022 $
2021 $
Current Cash at bank
1,014,904
841,666
Cash on hand
363
177
841,843 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 2022, the Group had available the following undrawn committed borrowing facilities in respect of which all conditions had been met.
2022 $
2021 $
Current Finance facility
2,854,746
1,176,219
Business credit card
207,522
251,172
3,062,268
1,427,391
(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 841,843 1,015,267 841,843 1,015,267 Non–Current Held as bank guarantee 100,947 100,947 100,947 100,947
GO VITA GROUP LIMITED ANNUAL REPORT 2021-2022 I 55
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