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Restricted cash

3 Months Ended

Mar. 31, 2014

Cash and Cash Equivalents [Abstract]

The major balances in restricted cash are as follows:



	March 31, 2014	December 31, 2013
	$’000	$’000

Cash deposit held with a bank pending completion of sale of Belmond The Inn at Perry Cabin	—	4,000
Cash deposits required to be held with lending banks as collateral	1,299	8,391
Escrow deposits and other restricted cash at Porto Cupecoy	—	355
Prepaid customer deposits which will be released to OEH under its revenue recognition policy	2,747	681
Security required under the European Union Package Travel Directive	210	209

Total restricted cash	4,256	13,636

Restricted cash classified as long-term and included in other assets on the condensed consolidated balance sheets at March 31, 2014 was $1,299,000 (December 31, 2013 - $7,633,000).

- 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.

+ References+ Details