Integrated Annual Report of LOTOS Capital Group 2016

18. Cash and cash equivalents

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Dec 31 2016 Dec 31 2015
Cash and cash equivalents in the statement of financial position 744,616 859,699
Overdraft facilities (13,858) (581,629)
Total cash and cash equivalents in the statement of cash flows 730,758 278,070

Cash at banks bears interest at variable rates linked to short-term interest rates prevailing on the interbank market. Short-term deposits are placed for a range of maturities, from one day to one month, depending on the Group’s current cash needs, and bear interest at interest rates set for them.

As at December 31st 2016, the amount of undrawn funds available to the Group under working capital facilities in respect of which all conditions precedent had been fulfilled was PLN 1,100,959 thousand (December 31st 2015: PLN 505,299 thousand).

As at December 31st 2016, cash in bank accounts serving as security for the Group’s liabilities was PLN 45,435 thousand (December 31st 2015: PLN 3,399 thousand).

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