14 Current investments
|
|
2020 |
|
2019 |
|
|
|
|
|
Fixed term deposits |
|
43 |
|
688 |
Total |
|
43 |
|
688 |
All fixed-term deposits have been placed with institutions with a high credit rating in line with our counterparty policy. The purpose of the deposits is either to meet short-term cash commitments, or to manage liquidity to such extent that yields are optimized while allowing DSM sufficient freedom in fulfilling its (strategic) goals.
In 2020 fixed deposits were reduced as part of the financing of the realized acquisitions.
For more information regarding the counterparty policy, see Note 23 Financial instruments and risks.