Page 151 - URA Annual Report 2020-21
P. 151

 (expressed in Hong Kong Dollars)
12. Cash and bank balances (Continued)
Representing:
Non-current portion - Bank deposits
Current portion
- Cash at banks and in hand - Bank deposits
2021 $’000
76,000 217,207
9,000,286
9,217,493
2020 $’000
- 36,788
9,777,509
9,814,297
            As at 31 March 2021, cash and bank balances of the Group are denominated in Hong Kong Dollars except for an amount of $286,194,000 (31 March 2020: $594,281,000) which is denominated in USD.
The average effective interest rate of time deposits with banks was 1.63% per annum (2019/20: 2.69% per annum). These deposits have an average maturity of 151 days (2019/20: 97 days).
The credit quality of the cash and bank balances, deposited with financial institutions, which are Hong Kong Dollars and USD, can be assessed by reference to external credit ratings of the financial institutions and are analysed as follows:
2021 $’000
Aa1 – Aa3
A1 – A3
Others 49,513
9,293,478
2020 $’000
1,379,523 8,420,498 14,261
9,814,282
  Rating (Moody’s)
 3,660,110 5,583,855
      URA ANNUAL REPORT 2020-21 147







































































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