8.5 Cash and cash equivalents
in PLN millions, unless otherwise stated
Accounting policies
Cash and cash equivalents include mainly cash in bank accounts and deposits with maturities of up to three months from the date of their placement (the same applies to the statement of cash flows). Cash is measured at its nominal amount plus interest, including a loss allowance for expected credit losses (Note 7.5.2.1).
|
|
As at 31 December 2021 |
As at 31 December 2020 |
| Cash in bank accounts | 1 151 | 1 841 |
| Other financial assets with a maturity of up to 3 months from the date of acquisition – deposits | 744 | 675 |
| Other cash | 9 | 6 |
| Total cash and cash equivalents, of which: | 1 904 | 2 522 |
|
recognised in assets held for sale (disposal group) |
20 | – |
| recognised as “cash and cash equivalents” | 1 884 | – |
| Restricted cash | 24 | 21 |
| Note 8.4.1 Free cash and cash equivalents | 1 880 | 2 501 |
As at 31 December 2021, the Group had cash in bank deposits in the amount of PLN 31 million (as at 31 December 2020 PLN 71 million), which are funds in separate VAT accounts, designated for servicing split payments. These funds are gradually used, mainly to pay the VAT payables to suppliers and other payments mandated by law.