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35 Cash and Cash Equivalents

Accounting Policies

Cash and cash equivalents include cash on hand, checks and deposits at banking institutions as well as marketable securities with an original term of up to three months.

Cash and cash equivalents are measured using the general impairment approach in accordance with IFRS 9.

Cash and cash equivalents include cash on hand, checks and deposits at banking institutions totaling € 1,134.0 million (Dec. 31, 2020: € 613.3 million), as well as marketable securities amounting to € 298.8 million (Dec. 31, 2020: € - million).

In the amount of € 117.6 million (Dec. 31, 2020: € 159.9 million) of the bank balances are restricted with regard to their use.