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20 Cash and cash equivalents (excluding overdrafts)

20 Cash and cash equivalents (excluding overdrafts)

All figures in £ millions	2005	2004	2003
Cash at bank and in hand	393	338	302
Short-term bank deposits	509	123	249
Total	902	461	551

Short-term bank deposits are invested with banks and earn interest at the prevailing short-term deposit rates.

The currency split of cash and cash equivalents in 2005 is 31% US dollars (2004: 38%), 38% Sterling (2004: 31%), 24% Euro (2004: 12%) and other 7% (2004: 19%).

The fair value of cash and cash equivalents is the same as the carrying value.

Cash and cash equivalents include the following for the purpose of the cash flow statement:

All figures in £ millions	2005	2004	2003
Cash and cash equivalents	902	461	551
Cash and cash equivalents included in assets classified as held for sale	–	141	–
Bank overdrafts	(58)	(58)	(23)
Total	844	544	528

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