Note 29 – Cash and cash equivalents

 31/12/201831/12/2017
Group  
Cash and cash equivalents consist of the following components:  
Bank balances331,196,08818,019,543
 331,196,08818,019,543

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.

 31/12/201831/12/2017
Parent company  
Cash and cash equivalents consist of the following components:  
Bank balances330,060,93114,244,855
 330,060,93114,244,855

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.