17. Cash and cash equivalents
| SIGNIFICANT ACCOUNTING PRINCIPLES |
|
Cash and cash equivalents Cash comprises cash in hand and deposits payable on demand. Cash equivalents comprise short-time investments with large liquidity, easily exchangeable into particular amounts of cash and exposed to a minimum risk of impairment. |
Short-term deposits are placed for various maturities, ranging from one day to one month, depending on the Group’s current cash requirement.
The balance of cash and cash equivalents comprises the following items:
| As at 31 December 2023 | As at 31 December 2022* | |
| Cash at bank and in hand | 2,760 | 1,428 |
| Overnight deposits | 103 | 791 |
| Short-term deposits | 236 | 6,147 |
| Proceeds from share issue | 1,309 | 2,727 |
| Funds in VAT accounts | 1,625 | 794 |
| TOTAL | 6,033 | 11,887 |
| Undrawn credit facilities as at 31 December | 5,692 | 11,783 |
| including overdraft facilities | 2,272 | 3,817 |
A detailed description of credit agreements is presented in note 24.1.3 to these financial statements.
The value of cash includes restricted cash in the amount of PLN 419 million (PLN 295 million in the comparative period), held in customer accounts of PGE Dom Maklerski S.A. as collateral for settlements with the Warsaw Commodity Clearing House.