11 Cash and Cash Equivalents / Securities

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€ million

 

2011

 

2010

 

 

 

 

 

1

The securities consist of bonds from various issuers which are classified as “held to maturity” or “available for sale”

Securities1

 

399.7

 

252.2

Of which current

 

237.2

 

41.4

Of which noncurrent

 

162.5

 

210.8

 

 

 

 

 

Cash and cash equivalents (liquid assets)

 

 

 

 

Cash equivalents

 

65.8

 

60.4

Demand deposits, cash on hand (cash)

 

408.1

 

484.8

 

 

473.9

 

545.2



Demand deposits and cash on hand are shown at their nominal amounts. Cash and cash equivalents mainly consist of commercial paper (from issuers with first-class credit standing) classified as “held to maturity.” Such paper falls due after a maximum of three months.