21. Cash and cash equivalents

Excel

(€ in thousands)

2014

2013

Cash and equivalents

148,614

119,361

Deposits

4,335

138,424

TOTAL CASH AND CASH EQUIVALENTS

152,949

257,785

Cash and cash equivalents consist of cash held by the group partly invested in short-term bank deposits with an original maturity of three months or less. The carrying amount of cash and cash equivalents approximates its fair value.

All cash and cash equivalents are available for immediate use by the group.

Accounting policy

Cash and cash equivalents are stated at face value and comprise cash on hand, deposits held on call with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and subject to an insignificant risk of changes in value.