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Notes to the Consolidated Financial Statements

20. Cash and cash equivalents (excluding overdrafts)

All figures in millions 2007 2006
Cash at bank and in hand 439 421
Short-term bank deposits 121 171
560 592

Short-term bank deposits are invested with banks and earn interest at the prevailing short-term deposit rates.

At the end of 2007 the currency split of cash and cash equivalents is US dollars 37% (2006: 31%), sterling 29% (2006: 35%), euros 16% (2006: 21%) and other 18% (2006: 13%).

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 560 592
Bank overdrafts (68) (61)
492 531

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