Accounting policies
Cash and cash equivalents include cash, deposits on hand and other short-term highly liquid investments with initial maturities of three months or less. In the consolidated balance sheet, bank overdrafts are shown within borrowings in current liabilities.
|
|
2023 |
|
2022 |
|---|---|---|---|---|
Bank deposits |
|
587 |
|
845 |
Short-term investments |
|
1,348 |
|
932 |
Cash in hand |
|
4 |
|
4 |
Total |
|
1,938 |
|
1,781 |
Bank deposits correspond to values in banks to meet current cash requirements as well as receipts from customers in transit.
Short-term investments correspond to time deposits in financial institutions.
Ratings of bank deposits and short-term investments are detailed in note 29.2.1..