18. Cash and cash equivalents


Cash and cash equivalents

Cash comprises cash in hand and deposits payable on demand.

Cash equivalents comprise short-time investments with large liquidity, easily exchangeable into particular amounts of cash and exposed to a minimum risk of impairment.

Short-term deposits are placed for various maturities, ranging from one day to one month, depending on the Group’s current cash requirement.

The balance of cash and cash equivalents comprises the following items:

As at
December 31, 2020
As at
December 31, 2019
Cash at bank and in hand 1,415 1,093
Overnight deposits 309 19
Short-term deposits 1,423 103
Funds in VAT accounts 1,042 98
TOTAL 4,189 1,313
Exchange differences on cash in foreign currencies (16) (2)
Balance of cash and cash equivalents presented in statement of cash flows 4,173 1,311
Undrawn credit facilities as at December 31 6,556 5,309
including overdraft facilities 1,811 1,035

A detailed description of credit agreements is presented in note 25.1.3 to these financial statements.

The balance of cash includes restricted cash in the amount of PLN 93 million (PLN 230 million in the comparative period) held in the accounts of customers of PGE Dom Maklerski S.A. as securities for settlements with the Warsaw Commodity Clearing House, cash in VAT accounts in the amount of PLN 1,042 million (PLN 98 million in the comparative period) as well as securities and sureties of PLN 104 million (PLN 100 million in the comparative period).

Search results