16 Cash and cash equivalents 20182017Bank deposits-5,000Bank balances16,87035,424Balance as at 31 December16,87040,424The bank balances of € 16.9 million are freely available to the Fund as at 31 December 2018. In order to minimalise the costs of the negative interest rate on the bank balances, during 2018 the Fund used 30-day bank deposits. Share this article