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Notes to the Company Financial Statements

4. Cash and cash equivalents (excluding overdrafts)

All figures in millions 2007 2006
Cash at bank and in hand 1 48
Short-term bank deposits 60 105
61 153

Short-term bank deposits are invested with banks and earn interest at the prevailing short-term deposit rates. Cash and cash equivalents have fair values that approximate to their carrying amounts due to their short-term nature.

Cash and cash equivalents include the following for the purpose of the cash flow statement:

All figures in millions 2007 2006
Cash and cash equivalents 61 153
Bank overdrafts (281) (336)
(220) (183)

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