Independent auditor’s report
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated and Parent Company balance sheets
Consolidated statement of changes in equity
Parent Company statement of changes in equity
Consolidated and Parent Company statement of cash flows
Accounting policies
Notes to the financial statements
Group financial history
Shareholders’ information

Notes to the financial statements

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

18 Cash and short-term deposits

		Consolidated		Parent Company
Cash and short-term deposits		67.3		276.1		–		14.8

Consolidated

Parent Company

2014

£m

2013

£m

2014

£m

2013

£m

Cash and short-term deposits

67.3

276.1

–

14.8

Cash at bank earns interest at floating rates based on daily bank deposit rates.

Following the sale of St Hubert, significant amounts of cash were placed on deposit resulting in concentrations of credit until the repayment of loan notes and the one-off contribution to the pension scheme in April 2013. Counterparty risk and the Group’s policy for managing deposits are described in Note 30.