11 Cash and Cash Equivalents / Securities

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€ million

 

2010

 

2009

 

 

 

 

 

Securities

 

252.2

 

Of which current

 

41.4

 

Of which noncurrent

 

210.8

 

The securities mainly consist of bonds from various issuers which are classified as “held to maturity.”

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (liquid assets)

 

 

 

 

Cash equivalents

 

60.4

 

119.9

Demand deposits, cash on hand (cash)

 

484.8

 

243.7

 

 

545.2

 

363.6

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