H
115
17 Receivables (continued)
-
18 Other current financial assets
-
19 Cash and cash equivalents
Our strategy
Our performance
Governan
Financials
Investors
The changes in the provision for impairment were as follows:
Ahold Annual Report 2013
million
2013
2012
Beginning of the year
(17)
(16)
Released (charged) to income
(9)
(8)
Used
6
7
Exchange rate differences
1
End of the year
(19)
(17)
million
December 29,
2013
December 30,
2012
Short-term deposits and similar instruments
1,467
Reinsurance assets - current portion (see Note 15)
47
41
Other
6
2
Total other current financial assets
1,520
43
As per December 29, 2013, short-term deposits and similar instruments included short-term investments with a remaining maturity at acquisition of between three and twelve months.
Of the short-term deposits and similar instruments as of December 29, 2013, €1 5 million was restricted (December 30, 2012: nil). This primarily consisted of investments held for insurance
purposes for U.S. workers' compensation and general liability programs. As of December 30, 2012 this restricted balance was included in cash and cash equivalents, see Note 19.
Other mainly consists of the current portion of the derivative financial instruments. For more information on financial instruments and fair values, see Note 30.
December 29,
December 30,
million
2013
2012
Cash in banks and cash equivalents
2,206
1,547
Cash on hand
290
339
Total cash and cash equivalents
2,496
1,886
Of the cash and cash equivalents as of December 29, 2013, €4 million was restricted (December 30, 2012: €22 million). This primarily consisted of cash held in escrow accounts mainly
related to construction activities. A part of the restricted balance that was included in the December 30, 2012 balance is now included in short-term deposits and similar instruments,
see Note 18.
Ahold's banking arrangements allow the Company to fund outstanding checks when presented to the bank for payment. This cash management practice may result in a net cash book
overdraft position, which occurs when the total issued checks exceed available cash balances within the Company's cash concentration structure. Such book overdrafts are classified in accounts
payable and amounted to €166 million and €170 million as of December 29, 2013, and December 30, 2012, respectively. No right to offset with other bank balances exists for these book
overdraft positions.
