17 Cash and cash equivalents
(In € million) |
|
As of |
|
As of |
---|---|---|---|---|
Cash and cash equivalents (unrestricted) |
|
300.2 |
|
353.3 |
Restricted cash |
|
4.3 |
|
1.8 |
Total cash and cash equivalents |
|
304.5 |
|
355.1 |
Cash and cash equivalents mainly consist of cash at banks but may, from time to time, also include short-term deposits at banks with maturities of three months or less that are subject to an insignificant risk of changes in value (€12.5 million as of 31 December 2020). The restricted cash relates to cash collected for the benefit of the Group’s securitisation partner.