38. Cash and cash equivalents
SELECTED ACCOUNTING PRINCIPLES
Cash and cash equivalents comprise, in particular, cash in hand and at bank and short-term deposits with the original maturity period of up to three months.
Cash is recognised at a face value. In case of funds deposited in bank accounts, the face value as at the balance sheet date comprises interest calculated by the bank or accrued by the entity on its own.
Unpaid overdraft facilities that constitute an integral part of cash management are classified as „Cash and cash equivalents” for the purposes of statement of cash flows. In the statement of financial position, such facilities are presented, respectively, in debt liabilities.
| As at 31 December 2022 |
As at 31 December 2021 |
|
| Cash at bank and in hand | 1 676 | 811 |
| Other | 2 | 4 |
| Total cash and cash equivalents presented in the statement of financial position, of which: | 1 678 | 815 |
| restricted cash, including: | 1 047 | 314 |
| collateral of settlements with Izba Rozliczeniowa Giełd Towarowych S.A. | 725 | 168 |
| cash on VAT bank accounts (split payment) | 318 | 102 |
| bank accounts related to subsidies received | 1 | 43 |
| Collateral of settlements with Izba Rozliczeniowa Giełd Towarowych S.A. | (725) | (168) |
| Cash pool | (37) | (24) |
| Foreign exchange | 24 | − |
| Total cash and cash equivalents presented in the statement of cash flows | 940 | 623 |
Collateral of settlements with Izba Rozliczeniowa Giełd Towarowych S.A. constitute funds transferred under transaction and security deposits in connection with transactions concluded by the Group companies on Towarowa Giełda Energii, which in the Group’s opinion do not constitute cash and cash equivalents in the consolidated statement of cash flows.