4.6 Cash and cash equivalents
|
CHF million |
31 Dec 2023 |
31 Dec 2022 |
|
Cash at bank and in hand |
1,236 |
1,374 |
|
Term deposits with a maturity of 90 days or less |
337 |
100 |
|
Total |
1,573 |
1,474 |
Cash at bank and in hand include foreign subsidiaries’ bank accounts with a total balance of EUR 25 million, converted CHF 24 million, (previous year: EUR 72 million, converted CHF 71 million), which is pledged in accordance with regulations in local finance agreements. These funds are therefore not freely available in full for the Alpiq Group.