Annual Report 2023

16. Cash and cash equivalents

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..

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