44. Cash and cash equivalents

Cash and cash equivalents are recognised at fair value, which is normally the same as the nominal value. The item only includes cash and cash equivalents payable on demand. Cash and cash equivalents not payable on demand are recognised under other current financial assets, depending on the applicable maturities and conditions.

€ Million

2024

2023

Cash at bank and cash balances

44

24

Money market funds

0

96

Total

44

120