18. Cash and cash equivalents

18. CASH AND CASH EQUIVALENTS
     
EUR million 31 Dec 2016 31 Dec 2015
Cash in hand and at bank 50.0 127.4
Short-term deposits 6.7 28.8
Cash and cash equivalents 56.7 156.2
 
Short-term deposits are readily convertable to a known amount of cash within 3 months time. Cash and cash equivalents are carried at nominal value, which corresponds to their fair value.