15. Cash and Cash Equivalents
Audited information- Index
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in CHF m |
31.12.2019 |
31.12.2018 |
||
|---|---|---|---|---|
Cash at bank and on hand |
534 |
716 |
||
Short-term bank deposits |
104 |
117 |
||
Total |
638 |
833 |
Cash and cash equivalents are denominated in the following currencies:
in CHF m |
31.12.2019 |
31.12.2018 |
||
|---|---|---|---|---|
EUR |
173 |
336 |
||
USD |
173 |
171 |
||
CHF |
122 |
159 |
||
GBP |
19 |
15 |
||
CNY |
4 |
3 |
||
JPY |
15 |
5 |
||
INR |
48 |
50 |
||
BRL |
7 |
9 |
||
Other |
77 |
85 |
||
Total |
638 |
833 |
The effective average annual interest rate on short-term bank deposits in Swiss francs was –0.65% (2018: –0.38%), these deposits have an average maturity of 34 days (2018: 36 days).
The effective average annual interest rate on short-term bank deposits in euros was 0% (2018: 0%); these deposits have an average maturity of 32 days (2018: 0 days).
The effective average annual interest rate on short-term bank deposits in US-dollars was 2.58% (2018: 2.32%), these deposits have an average maturity of 30 days (2018: 32 days).
There were no material short-term bank deposits denominated in currencies other than the euro and the US-dollar at the end of the reporting period.
The maximum exposure to credit risk on cash and cash equivalents is equal to their book value.