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Restricted cash

12 Months Ended

Dec. 31, 2013

Cash and Cash Equivalents [Abstract]

The major balances in restricted cash are as follows:



	2013	2012
December 31,	$’000	$’000

Cash deposit held with a bank pending completion of sale of Inn at Perry Cabin	4,000	—
Cash deposits required to be held with lending banks for the duration of the debt to support OEH’s payment of interest and principal	8,391	16,013
Escrow deposits and other restricted cash at Porto Cupecoy	355	4,079
Prepaid customer deposits which will be released to OEH under its revenue recognition policy	681	788
Security required under the European Union Package Travel Directive	209	200

Total restricted cash	13,636	21,080

Restricted cash classified as long-term and included in other assets on the consolidated balance sheet at December 31, 2013 was $7,633,000 (December 31, 2012 - $Nil).

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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