NOTES TO THE FINANCIAL STATEMENTS
24. CASH AND CASH DEPOSITS
Group |
Company |
|||
2010 £m |
2009 £m |
2010 £m |
2009 £m |
|
Cash at bank and in hand |
9.2 |
10.2 |
11.8 |
77.0 |
Short-term bank deposits |
232.8 |
144.6 |
151.4 |
80.8 |
Other deposits |
251.9 |
198.5 |
11.4 |
10.9 |
493.9 |
353.3 |
174.6 |
168.7 |
|
The effective interest rate on Group short-term deposits was 0.7% (2009 1.4%) and these deposits have an average maturity of one day.
The effective interest rate on Group other deposits was 0.9% (2009 2.3%) and these deposits have an average maturity of 39 days.
Group other deposits include restricted funds of £33.5m (2009 £16.7m) to settle long-term lease liabilities (note 27) and £56.3m (2009 nil) relating to letters of credit.
For the purposes of the cash flow statement cash and cash equivalents comprise:
Group |
Company |
|||
2010 £m |
2009 £m |
2010 £m |
2009 £m |
|
Cash and cash deposits as above |
493.9 |
353.3 |
174.6 |
168.7 |
Bank overdrafts (note 27) |
(12.7) |
(12.9) |
- |
- |
481.2 |
340.4 |
174.6 |
168.7 |
|
Less: deposits with a maturity of three months or more (restricted funds) |
(91.7) |
(18.4) |
(1.4) |
(0.9) |
389.5 |
322.0 |
173.2 |
167.8 |
|