10 Cash and cash equivalents are held for purposes of meeting short-term cash commitments rather than for investment or other purposes.
20 Cash and cash equivalents, which are financial assets, comprise cash on hand, cash at banks, money markets and short-term highly liquid investments with original maturity of 3 months or less from the date of acquisition, including those held by investment managers. For an investment to qualify as a cash equivalent, it must be readily convertible to a known amount of cash and be subject to an insignificant risk of changes in value.
30 Short-term deposits are stated at amortized cost using the effective interest method, with interest income recognized on an effective yield basis.
