Page 203 - ENAV eng_Relazione_Finanziaria_Annuale_2014

Notes to the Financial Statements of ENAV SpA 201

Guarantee deposits decreased by ¤167 thousand over the year following
the refund of the deposit relating to the offices in Via Agri on termination
of the rental agreement.

14. Cash and cash equivalents

Cash and cash equivalents at 31 December 2014 may be analyzed as
follows:

Bank and post office 31.12.2014 31.12.2013 Change
deposits 111,051 92,302 18,749
38 42 (4)
Cash and valuables 111,089 92,344 18,745
on hand

Total

Cash and cash equivalents with banks and the Central Treasury amounted
to ¤111,089 thousand at 31 December 2014, representing a net increase of
¤18,745 thousand over the balance at 31 December 2013. This is due to the
cash arising from a new loan and the termination of previous loans.

There are no restrictions on cash and cash equivalents that may limit their
availability.