88 Consolidated  Notes to the  Financial  Statements 2012  $m 2011  $m Note 11 – Dividends Recognised amounts Final dividend Final dividend for 2011 of 31.0 cents per share, fully franked at 30%, paid 29 September 2011  (2011: Final dividend for 2010 of 30.0 cents per share, unfranked, paid 30 September 2010) 143.2  135.3  Interim dividend Interim dividend for 2012 of 29.0 cents per share, fully franked, paid 5 April 2012  (2011: Interim dividend for 2011 of 29.0 cents per share, unfranked, paid 14 April 2011) 135.0  133.1  Total dividends 278.2  268.4  Dividends satisfied by the issue of shares under the AGL Dividend Reinvestment Plan (Note 34) (92.4) (61.9) Dividends paid as per the statement of cash flows 185.8  206.5  Unrecognised amounts Since the end of the financial year, the Directors have declared a final dividend for 2012 of 32.0 cents  per share, fully franked at 30%, (2011: 31.0 cents fully franked), payable 27 September 2012. 174.7  143.0  The financial effect of this dividend has not been recognised as a liability in these financial statements  but will be brought to account in the 2013 financial year. The AGL Dividend Reinvestment Plan (DRP) will be in operation and shares will be allotted at a 1.5% discount  to the simple average of the daily weighted average market price at which AGL’s ordinary shares are traded on  ASX during each of the 10 trading days commencing on 7 September 2012. Dividend reinvestment plan Dividend franking account Adjusted franking account balance 36.3  108.2  Impact on franking account balance of dividends proposed after the reporting date but not recognised as a liability (74.9) (61.3) Note 12 – Cash and cash equivalents Cash at bank and on hand 540.1  201.4  Short-term deposits 1,272.8  551.7   1,812.9  753.1  The carrying amounts of cash and cash equivalents represent fair value. Bank balances and short-term deposits earn interest at floating  rates based upon market rates. Short-term deposits are made for varying periods of between one day and three months depending on the immediate cash requirements  of the consolidated entity. All deposits are held with financial institutions approved by the Board. Great Energy Alliance Corporation Pty Limited, a subsidiary acquired by the consolidated entity on 29 June 2012, has cash and cash  equivalents at 30 June 2012 of $77.0 million which are held in reserve accounts which may only be used for the purposes specified  under the project financing documents. This includes up to six months of debt repayments and a diminishing percentage of budgeted  capital expenditure.  Restricted cash balances