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Cash and cash equivalents

Accounting policy applied

Cash and cash equivalents include cash on hand, bank deposits payable on demand, other short-term investments with high liquidity and with original maturity date of up to three months.

Structure of cash and cash equivalents

Data in ths. PLN

 As at 31/12/2017 (audited)As at 31/12/2016 (audited)
Cash on hand and in bank accounts172,100282,870
Bank deposits up to 3 months344,676473,049
including restricted cash35,4448,607

Decrease of the value of bank deposits to 3 months is attributable to change of the term for which the bank deposits are concluded. As at 31 December 2017, a portion of bank deposits are concluded for the term longer than 3 months carried as part of other current financial assets.

As at 31 December 2017 and as at 31 December 2016, cash with restricted cash included mostly cash accumulated on bank accounts kept for deposits and guarantees.