DCSIMG
15 Cash and cash equivalents - Annual Report 2015 - DSM

15 Cash and cash equivalents

Table 1

 
2015
2014
     
Deposits
27
88
Cash at bank and in hand
615
550
Payments in transit
19
18
Bills of exchange
4
13
     
Total
665
669

Cash at year-end 2015 was not being used as collateral and therefore was not restricted (same as in 2014). In a few countries DSM faces cross-border foreign exchange controls and/or other legal restrictions that limits its ability to make these balances available on short notice for general use by the group. The amount of cash held in these countries was €109 million (2014: €141 million). The cash will generally be invested or held in the relevant country and, given the other capital resources available to the group, does not significantly affect the ability of the group to meet its cash obligations.

Cash held by DSM includes cash from certain associates that continue to participate in the cash-pooling arrangements of DSM. At the end of 2015, the amount had increased by €56 million to €137 million. This applies, amongst others, to the former DSM-entities DSM Fibre Intermediates and DSM Composite Resins for which control was transferred to CVC in 2015. See also note 22 'Current liabilities'.