25 Cash and cash equivalents

25 Cash and cash equivalents

 

 

 

€ million

2019

2018

Short-term bank deposits

964

1 035

Cash at bank and on hand

329

227

Cash and cash equivalents (excluding bank overdrafts)

1 293

1 262

 

 

 

Cash and short-term deposits of € 23 million are held in countries with restrictive regulations on exporting capital from the country other than via normal dividends, such as Brazil, China, India, South Korea and Thailand. A cash balance of € 5 million is restricted for use in settling obligations of subsidiaries with non-controlling interest.

For the purposes of the statement of cash flows, cash and cash equivalents are comprised of the following:

 

 

 

€ million

2019

2018

Cash and cash equivalents

1 293

1 262

Bank overdrafts (Note 28)

−5

−25

Cash and cash equivalents (excluding bank overdrafts)

1 288

1 237