9. Notes to the condensed consolidated statement of cash flows
for the six months to 31 August 2021| US$'000 | Unaudited Six months to 31 August 2021 |
Unaudited Restated# Six months to 31 August 2020 |
Audited Year ended 28 February 2021 |
|
| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | ||||
| Cash resources | 492 748 | 406 685 | 488 632 | |
| Bank overdrafts unconditionally repayable on demand | (10 563) | (19 064) | (9 860) | |
| Cash and cash equivalents (per the statement of cash flows) | 482 185 | 387 621 | 478 772 | |
| Bank overdrafts repayable on demand under certain conditions | (132 746) | (251 982) | (121 557) | |
| Net cash resources | 349 439 | 135 639 | 357 215 |
| # | The Group restated its statement of cash flows for H1 FY21 to exclude certain bank overdrafts from cash and cash equivalents. Bank overdrafts that are repayable on demand under certain circumstances, but not unconditionally repayable on demand have now been excluded from cash and cash equivalents and cash flows associated with these bank overdrafts are now shown as cash flows from financing activities. The restatement relates to banking arrangements that form an integral part of the Group's cash management. |
The table below illustrates the effect of the restatement on the statement of cash flows for the prior period as follows:
| US$'000 | Before restatement |
After restatement |
Total restatement |
|
| CONSOLIDATED STATEMENT OF CASH FLOWS (EXTRACT) – H1 FY21 | ||||
| Net cash inflow from operating activities | 108 659 | 108 659 | – | |
| Net cash outflow from investing activities | (16 386) | (16 386) | – | |
| Net cash outflow from financing activities | (43 903) | (36 137) | (7 766) | |
| Overdrafts repayable on demand under certain conditions | – | 7 766 | (7 766) | |
| Other financing activities | (43 903) | (43 903) | – | |
| Net increase/(decrease) in cash and cash equivalents | 48 370 | 56 136 | (7 766) | |
| Cash and cash equivalents at the beginning of the period | 83 389 | 332 304 | (248 915) | |
| Translation differences on cash and cash equivalents | 3 880 | (819) | 4 699 | |
| Cash and cash equivalents at the end of the period | 135 639 | 387 621 | (251 982) |
