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Rothschild & Co | Annual Report 2017
159
1. Overview
4. Financial statements
3.
Management report
2. Business review
Note 20 – Net cash and cash equivalents
For the purposes of drawing up the cash flow statement, the “cash and cash equivalents” items are analysed as follows:
In thousands of euro
31/12/2017 31/03/2017
Cash and accounts with central banks
3,868,907 3,907,432
Interbank demand deposits and overnight loans (assets)
1,032,840
987,911
Other cash equivalents
281,672
75,000
Interbank demand deposits and overnight loans (liabilities) and due to central banks
(261,312)
(108,022)
TOTAL
4,922,107 4,862,321
Cash includes cash on hand and demand deposits placed with banks. Other cash equivalents are short term, highly liquid investments that are readily
convertible to known amounts of cash and which are subject to an insignificant risk of value change. These comprise overnight interbank reverse repos
and public bills which are held for trading.
Note 21 – Commitments given and received
Commitments given
In thousands of euro
31/12/2017 31/03/2017
Given to banks
1,500
1,500
Given to customers
418,186
394,058
Loan commitments
419,686
395,558
Given to banks
45,208
18,922
Given to customers
98,956
80,020
Guarantee commitments
144,164
98,942
Investment commitments
264,057
261,400
Irrevocable nominee commitments
130,601
187,975
Pledged assets and other commitments given
57,229
28,268
Other commitments given
451,887
477,643
Commitments given to PCL clients amounted to €164.8 million at 31 December 2017.
Investment commitments relate to Merchant Banking funds and investments. Irrevocable nominee commitments represent commitments to funds where
the Group acts as a nominee on behalf of its clients. The commitment to employees in respect of deferred remuneration is set out in note 27.
Commitments given and received that were reported at 31 March 2017 have been changed following the receipt of updated information.
Commitments received
In thousands of euro
31/12/2017 31/03/2017
Received from banks
313,727
343,042
Loan commitments
313,727
343,042
Received from banks
97,184
123,239
Received from customers
3,232
12,609
Guarantee commitments
100,416
135,848
Operating lease commitments payable
In thousands of euro
31/12/2017
31/03/2017
Land and
buildings
Other
Land and
buildings
Other
Up to one year
34,295
1,698
33,877
2,032
Between one and five years
118,230
983
117,186
2,264
Over five years
124,846
–
136,261
3
TOTAL
277,371
2,681
287,324
4,299
The operating lease commitments above mainly relate to leases of rented offices around the world.