Notes to the financial statements

for the year ended 30 June 2009

20 Restricted cash and cash equivalents

 

2009
$000

2008
$000

Contractors' deposits

1,930

474

Railway Servants' Benefit Fund

0

35
 

1,930

509

Contractors’ deposits are held by the PTA as security for contractor performance according to the terms and conditions of the contracts established with each contractor. Generally, the contracts require that these deposits must be maintained intact by the PTA for repayment to the contractor on successful performance of contract conditions.

The Railway Servants’ Benefit Fund is to be used only for the purpose of providing welfare to staff.