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15 Cash and cash equivalents

 

2016

2015

Bank deposits

100,000

100,000

Bank balances

14,165

29,807

Balance as at 31 December

114,165

129,807

The bank balances of € 14.2 million are freely available to the Fund as at 31 December 2016. In order to minimalise the costs of the negative interest rate on the bank balances, during 2016 the Fund used 30-day bank deposits. The bank deposits of € 100.0 million have a 30 days' notice period.

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