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| All figures in £ millions | 2005 | 2004 | 2003 |
|---|---|---|---|
| Short-term bank deposits | 598 | 332 | 378 |
| Cash and cash equivalents include the following for the purpose of the cash flow statement: | |||
| 2005 | 2004 | 2003 | |
| Cash and cash equivalents | 598 | 332 | 378 |
| Bank overdrafts | (326) | (335) | (471) |
| Total | 272 | (3) | (93) |
Short-term bank deposits are invested with banks and earn interest at the prevailing short-term deposit rates. The fair value of cash and cash equivalents is the same as the carrying value.
