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 accounts||172,100||282,870|
|Bank deposits up to 3 months||344,676||473,049|
|including restricted cash||35,444||8,607|
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.