Notes to the Group financial statements l Note 4.4

4.4 Cash and cash equivalents
 

Cash and cash equivalents are accounted for as loans and receivables and bank overdrafts are accounted for as financial liabilities in accordance with the accounting policy disclosed in note 7.1.

Cash and cash equivalents comprise cash on hand and deposits held on call, all of which are available for use by the Group. Bank overdrafts are included within current liabilities on the statement of financial position, unless the Group has a current legally enforceable right to set off the amounts and intends to settle on a net basis, or realise the asset and settle the liability simultaneously, in which case it is netted off against cash and cash equivalents on the statement of financial position.

For the purposes of the statement of cash flows, cash and cash equivalents comprise the following:

  2015
Rm		   2014
Rm		  
Cash at bank and on hand 34 177   43 098  
Bank overdrafts (38)   (26)  
Net cash and cash equivalents 34 139   43 072  

Scancom Limited (MTN Ghana) has secured facilities through the pledge of its cash and cash equivalents amounting to R1 155 million (2014: R876 million) (refer to note 6.1).