Long-term bank deposits


	31.12.2017		31.12.2018		31.12.2018
	RMB’000		RMB’000		US$’000

Non-current
Long-term bank deposits ⁽ⁱ⁾		70,000		70,000		10,463


Current
Cash and cash equivalents		5,390,324		5,559,890		831,062
Long-term bank deposits ⁽ⁱ⁾		—		70,000		10,463
Short-term bank deposits ⁽ⁱⁱ⁾		514,074		356,926		53,352
Restricted cash		54,809		71,706		10,718

		5,959,207		6,058,522		905,595

Cash and bank balances		6,029,207		6,128,522		916,058

Note:

⁽ⁱ⁾

In 2018, YMMC placed two-year time deposits of RMB 70.0 million (US$10.5 million) (2017: RMB 70.0 million) at annual interest rate range from 2.94% to 3.15% (2017: 2.94% to 3.15%) with banks. These long-term deposits are not considered as cash equivalents.

As at December 31, 2018, the two-year time deposits placed in 2017 has remaining maturity period of less than 12-months. Accordingly, this has been classified as current in 2018.

⁽ⁱⁱ⁾

Short-term bank deposits relate to bank deposits with initial maturities of more than three months and subject to more than insignificant risk of changes in value upon withdrawal before maturity. The interest rate of these bank deposits as of December 31, 2018 for the Group ranged from 1.40% to 3.90% (2017: 1.01% to 1.97%). These short-term bank deposits are not considered as cash equivalents.