116770 Project Obelix Pt1.qxp - Carlsberg Group

Carlsberg Breweries GroupNotes22 Cash and cash equivalents2008 2007DKK million DKK millionCash at bank and in hand 2.728 2.026Short-term marketable securities with a term of three months or less 1 -Total 2.729 2.026In the cash flow statement, bank overdrafts are offset against cash and cashequivalents as follows:Cash and cash equivalents 2.729 2.026Bank overdrafts -612 -747Cash and cash equivalents, net 2.117 1.279Of which pledged as security - 310Short-term bank deposits amounted to DKK 455m (2007: DKK 1,213m). The average interest rate on these deposits was 5.5%(2007: 5.4%), and the average duration was 42 days (2007: 60 days).Proportionally consolidated entities’ share of cash and cash equivalents is specified in note 34.F-42