← Statement Notes index
20. Cash and cash equivalents
| PLN '000 | Dec 31 2015 | Dec 31 2014 |
|---|---|---|
| Cash at bank | 858,003 | 345,493 |
| Cash in hand | 542 | 400 |
| Other cash | 1,154 | 2,322 |
| Total cash and cash equivalents in the statement of financial position | 859,699 | 348,215 |
| Overdraft facilities | (581,629) | (514,902) |
| Total cash and cash equivalents in the statement of cash flows | 278,070 | (166,687) |
Cash at banks bears interest at variable rates linked to short-term interest rates prevailing on the interbank market. Short-term deposits are placed for a range of maturities, from one day to one month, depending on the Group’s current cash needs, and bear interest at interest rates set for them.
As at December 31st 2015, the amount of undrawn funds available to the Group under working capital facilities in respect of which all conditions precedent had been fulfilled (including the working capital facility provided by Bank Syndicate (4) (see Note 27.1) was PLN 505,299 thousand (December 31st 2014: PLN 676,138 thousand).
As at December 31st 2015, cash in bank accounts serving as security for the Group’s liabilities was PLN 3,399 thousand (December 31st 2014: PLN 3,197 thousand).
The Notes to the consolidated financial statements are an integral part of the statements.
(This is a translation of a document originally issued in Polish)
