5.4. Cash and cash equivalents
Accounting policies
Cash and cash equivalents include cash at bank and in hand as well as highly liquid short-term financial assets with the original maturity of up to three months, which are readily convertible into specific cash amounts and subject to an insignificant risk of fluctuation in value.
In the statement of cash flows, cash and cash equivalents are presented net of outstanding current account debt.
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| 2016 | 2015 | |
|---|---|---|
| Cash in hand | 1 | 1 |
| Cash at banks | 875 | 507 |
| Bank deposits | 4,593 | 5,285 |
| Other cash | 360 | 229 |
| Total | 5,829 | 6,022 |
| including restricted cash | 742 | 495 |
The Group classifies the following as cash equivalents: commercial bills, treasury bills, NBP bills, certificates of deposit, cash in transit, cheques and third-party notes maturing in less than three months.
For details of changes in cash in the period, see Note 5.4.
Risks associated with cash and cash equivalents include the credit risk, foreign exchange risk, and interest rate risk. For detailed information on these risks, see Note 7.3.
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| Based on agency ratings | 2016 | 2015 |
|---|---|---|
| A+ rated banks according to Fitch | 532 | 656 |
| A rated banks according to Fitch | 1,289 | – |
| A- rated banks according to Fitch | 2,314 | 3,203 |
| A2 rated banks according to Moody’s | 321 | 799 |
| BB rated banks according to Fitch | 24 | – |
| BB- rated banks according to Fitch | 16 | 32 |
| BBB rated banks according to Fitch | 92 | 592 |
| BBB+ rated banks according to Fitch | 5 | 3 |
| Total cash deposits at banks | 4,593 | 5,285 |
