27. Cash and cash equivalents

Error message

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