34 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 € 613.3 million (Dec. 31, 2019: € 500.7 million).
Bank balances in the amount of € 159.9 million (Dec. 31, 2019: € 97.3 million) are restricted with regard to their use.