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Financial statements

16 Cash and cash equivalents

 

2017

2016

Bank deposits

5,000

5,000

Bank balances

35,424

22,523

Balance as at 31 December

40,424

27,523

The bank balances of € 35.4 million are freely available to the Fund as at 31 December 2017. In order to minimalise the costs of the negative interest rate on the bank balances, during 2017 the Fund used 30-day bank deposits. The bank deposits of € 5.0 million have a 30 days' notice period.

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