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Note 23 - Cash and Cash Equivalents | 12 Months Ended
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Dec. 31, 2022
Statement Line Items [Line Items] |
Disclosure of cash and cash equivalents [text block] |
23 | Cash and cash equivalents
|  | 2022 |  |  | 2021 |
Bank balances |  |  | 4,737 |  |  |  | 17,152 |
Restricted cash * |  |  | 1,998 |  |  |  | – |
Cash and cash equivalents |  |  | 6,735 |  |  |  | 17,152 |
Bank overdrafts used for cash management purposes |  |  | (5,239 | ) |  |  | (887 | )
Net cash and cash equivalents |  |  | 1,496 |  |  |  | 16,265 |
* | Cash of $998 (denominated in RTGS$) held by Blanket Mine was earmarked by Stanbic Bank Zimbabwe as a letter of credit in favour of CMSA. The letter of credit was issued by Stanbic Bank Zimbabwe on September 15, 2022 and settled on January 10, 2023. The cash on maturity will be transferred to CMSA’s bank account, denominated in South African Rands. Caledonia retains at least $1 million as penalty sum, in a bank account for so long as amounts remain outstanding on the loan notes payable. Refer to notes 30 for more information.
Overdraft facilities | Date drawn | Expiry | Repayment terms | Principal value | Interest rate
Stanbic Bank - RTGS$ denomination | September 2021 | February 2024 | On demand | 300,000,000 | 210%
Stanbic Bank - USD denomination | December 2021 | February 2024 | On demand | 1,000,000 | 10%
CABS Bank of Zimbabwe - USD denomination | April 2022 | November 2023 | On demand | 2,000,000 | *12.33%
Ecobank - USD denomination | November 2022 | October 2023 | On demand | 5,000,000 | 6.5%
* | Interest charges on this facility is as a rate of the 3 month Secured Overnight Funding Rates (“SOFR”) plus a margin of 7.75% per annum. The SOFR as at December 31, 2022 was 4.58%.
Subsequent to year end the Stanbic Bank Zimbabwe $1 million increased to $4 million and the Ecobank facility increased to $7 million both on the same terms as in the table above. Nedbank Zimbabwe extended an unsecured $7 million overdraft facility to Blanket in 2023. Before approval of these consolidated financial statements $4.5 million of bonds were issued.

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- Definition The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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