Notes to the Consolidated Financial Statements continuedfor the year ended 31 December 2007
20 Cash and short-term deposits
|Cash at bank and in hand||35.0||52.0|
Cash and short-term deposit balances are floating rate assets which earn interest at various rates set with reference to the prevailing EURIBID and LIBID or equivalent.
Short-term deposits mature within three months (2006: three months) and include €3.7 million (2006: €3.7 million) of deposits required by insurers to be held by Aegis Motor Insurance Limited (a subsidiary of the Group) to settle claims.