11 Cash and Cash Equivalents / Securities
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€ million |
2014 |
2013 |
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Securities1 |
195.0 |
192.7 |
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Of which current |
157.4 |
71.9 |
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Of which noncurrent |
37.6 |
120.8 |
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Cash and cash equivalents |
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Cash equivalents |
75.0 |
51.3 |
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Demand deposits, cash on hand |
250.9 |
380.5 |
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325.9 |
431.8 |
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Demand deposits and cash on hand are shown at their nominal amounts. Cash equivalents mainly consist of commercial paper (from issuers with first-class credit standing) classified as “held to maturity.”