Note 11 Cash and cash equivalents
€ million |
2024 |
2023 |
Cash held at banks |
38 |
87 |
Deposits |
458 |
157 |
Carrying amount as at 31 December |
496 |
244 |
The effective interest rate on cash and cash equivalents ranged from 2.9% to 4.0% (2023: 0.0% to 4.3%). Cash and cash equivalents are held almost entirely in euros. In 2024, the cash and cash equivalents included amounts that were not at the unrestricted disposal of Alliander. This concerns a blocked bank account with a balance of €0.4 million (2023: €0.4 million).