4.6 Cash and cash equivalents
|
CHF million |
31 Dec 2020 |
31 Dec 2019 |
|
Cash at bank and in hand |
338 |
438 |
|
Term deposits with a maturity of 90 days or less |
2 |
2 |
|
Total |
340 |
440 |
Cash at bank and in hand include foreign subsidiaries’ bank accounts with a total balance of EUR 39 million, translated CHF 42 million, (previous year: EUR 39 million, translated CHF 42 million), which are pledged in accordance with regulations in local finance agreements and which may only be used to cover their own needs for cash and cash equivalents. These funds are therefore not freely available in full for the Alpiq Group.