27. Cash and cash equivalents

Error message

  • Warning: Cannot use a scalar value as an array w block_page_build() (linia 271 z /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array w block_page_build() (linia 271 z /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array w block_page_build() (linia 271 z /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array w block_page_build() (linia 271 z /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array w metatag_page_build() (linia 1801 z /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array w metatag_page_build() (linia 1804 z /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array w metatag_page_build() (linia 1836 z /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array w metatag_page_build() (linia 1861 z /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array w ctools_page_alter() (linia 702 z /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/ctools/ctools.module).
  • Warning: Invalid argument supplied for foreach() w element_children() (linia 6658 z /home/gp-prod/releases/55/includes/common.inc).
  • Warning: Cannot use a scalar value as an array w drupal_render() (linia 6115 z /home/gp-prod/releases/55/includes/common.inc).
  • Warning: Cannot use a scalar value as an array w drupal_render() (linia 6170 z /home/gp-prod/releases/55/includes/common.inc).

 31 December 2016 31 December 2015
Cash on hand0.30.6
Current accounts427.3150.5
Deposits898.41,360.9
Total1,326.01,512.0

The Group places its cash and cash equivalents in banks and financial institutions with reliability proven by ratings awarded by universally recognized agencies Standard & Poor's, Moody's or Fitch, and in Plus Bank and EFG Bank as required by the loan agreement and policies adopted therein. As at 31 December 2016 cash and cash equivalents were placed primarily with institutions rated A2 by Moody's Investors Service Ltd.

Currency 31 December 2016 31 December 2015
PLN1,228.91,424.4
EUR14.641.2
USD75.237.9
Other7.38.5
Total1,326.01,512.0

As the Group cooperates with well-established Polish and international banks, the risks relating to deposited cash are considerably limited.

Restricted cash in the amount of PLN 10.7 includes mainly guarantee deposits.