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Cash and cash equivalents
12 Months Ended
Jun. 30, 2024
Cash and cash equivalents  
Cash and cash equivalents

25

Cash and cash equivalents

2024

2023

for the year ended 30 June

    

Rm

    

Rm

Cash and cash equivalents

42 967

51 214

Restricted cash and cash equivalents

2 416

2 712

45 383

53 926

Bank overdraft

 

(121)

 

(159)

Per the statement of cash flows

 

45 262

 

53 767

Cash by currency

 

 

  

Rand

 

28 548

 

31 155

Euro

 

3 902

 

3 457

US dollar

 

11 859

 

18 478

Other currencies

 

953

 

677

 

45 262

 

53 767

Included in restricted cash and cash equivalents are cash in respect of various special purpose entities and joint operations in the Group for use within those entities.

Accounting policies:

Cash includes cash on hand and demand deposits that can be withdrawn at any time without prior notice or penalty.

Cash equivalents include short-term highly liquid investments with a maturity period of three months or less at date of purchase and money market funds that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value.

Cash restricted for use comprises cash and cash equivalents which are not available for general use by the Group, including amounts held in escrow, trust or other separate bank accounts.

Cash, cash equivalents and cash restricted for use are stated at carrying amount which is deemed to be fair value.

Bank overdrafts that are repayable on demand and that are integral to the Group’s cash management are offset against cash and cash equivalents in the statement of cash flows.

The Statement of cash flows is presented on the direct method. Notes are supplied as supplemental information to the Statement of cash flows. Finance income received, finance costs paid and dividends received and paid are presented under operating activities in the Statement of cash flows.