27 Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, checks and deposits at banking institutions totaling € 2,108.0 million (Dec. 31, 2014: € 714.8 million), as well as marketable current securities in the amount of € 999.9 million (Dec. 31, 2014: € 850.0 million) with an original term of up to three months. The liquidity inflows resulting from the placement of bonds to repay financial liabilities were invested in short-term standard market securities (commercial papers).

Of these bank balances, € 84.2 million (Dec. 31, 2014: € 32.8 million) are restricted with regard to their use.