| download table |
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€ million |
2011 |
2010 | ||||
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Securities1 |
399.7 |
252.2 | ||||
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Of which current |
237.2 |
41.4 | ||||
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Of which noncurrent |
162.5 |
210.8 | ||||
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Cash and cash equivalents (liquid assets) |
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Cash equivalents |
65.8 |
60.4 | ||||
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Demand deposits, cash on hand (cash) |
408.1 |
484.8 | ||||
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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.