Note 29 – Cash and cash equivalents

	31/12/2018	31/12/2017
Group
Cash and cash equivalents consist of the following components:
Bank balances	331,196,088	18,019,543
	331,196,088	18,019,543

The above items have been classified as cash and cash equivalents on the basis that:

- there is an insignificant risk of fluctuations in value;

- they can easily be converted into cash;

- they have a maximum term of 3 months from the acquisition date.

	31/12/2018	31/12/2017
Parent company
Cash and cash equivalents consist of the following components:
Bank balances	330,060,931	14,244,855
	330,060,931	14,244,855

The above items have been classified as cash and cash equivalents on the basis that:

- there is an insignificant risk of fluctuations in value;

- they can easily be converted into cash;

- they have a maximum term of 3 months from the acquisition date.