17. Cash and cash equivalents
(In € million) |
|
As of |
|
As of |
|---|---|---|---|---|
Cash and cash equivalents (unrestricted) |
|
490.0 |
|
300.2 |
Restricted cash |
|
13.8 |
|
4.3 |
Total cash and cash equivalents |
|
503.8 |
|
304.5 |
Cash and cash equivalents mainly consist of cash at bank but may, from time to time, also include short-term bank deposits (€64.0 million as of 31 December 2022) with maturities of three months or less that are subject to an insignificant risk of changes in value. The restricted cash relates to cash collected for the benefit of the Group’s securitisation partner.