Annual Report 2013 | Suomeksi |

25 Cash and cash equivalents

Download as Excel
Accounting policies + -
Liquid funds include cash and cash equivalents such as cash in hand, deposits held at call with banks and other short-term, highly liquid investments with maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.
EUR million 2013 2012
Cash at bank and in hand 1,240 858
Bank deposits with maturity under 3 months 29 105
Cash and cash equivalents 1,269 963
Cash and cash equivalents moved to assets held for sale -15 -
Total 1,254 963
Bank deposits include bank deposits held by OAO Fortum amounting to EUR 101 million (2012: 105). At the year end 2013 OAO Fortum’s deposits included EUR 58 million in euros and EUR 43 million in Russian roubles. The funds in OAO Fortum are committed to the ongoing investment program. The bank deposits in euros held by OAO Fortum are hedging future payments in euros.
For further information regarding credit risk management and credit risks, see
Counterparty risks in the Operating and financial review
and Note 3.8 Credit risk.
X

Search Fortum Annual Report 2013

Start typing...

Search results