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3. Summary of significant accounting policies

3.22 Cash and cash equivalents

3.22 Cash and cash equivalents

For the purpose of presentation in the Statement of Cash Flows , cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the statement of financial position.