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20 Cash and cash equivalents (excluding overdrafts)
| All figures in £ millions | 2006 | 2005 |
|---|---|---|
| Cash at bank and in hand | 421 | 393 |
| Short-term bank deposits | 171 | 509 |
| 592 | 902 |
Short-term bank deposits are invested with banks and earn interest at the prevailing short-term deposit rates.
At the end of 2006 the currency split of cash and cash equivalents is US dollars 31% (2005: 31%), sterling 35% (2005: 38%), euros 21% (2005: 24%) and other 13% (2005: 7%).
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 | 2006 | 2005 |
|---|---|---|
| Cash and cash equivalents | 592 | 902 |
| Bank overdrafts | (61) | (58) |
| 531 | 844 |