Cyprus Energy Regulatory Authority Annual Report 2021

147 Annual Report 2021 2021 2020 € € Cash at bank and in hand 3.330.925 3.519.851 Bank overdrafts (Note 24) (6.729) - 3.324.196 3.519.851 2021 2020 € € Cash in hand 2.030 2.198 Cash at bank 3.344.826 3.558.102 Bank deposits 4.298.489 3.967.518 Accumulated impairment losses on cash and cash equivalents (15.931) (40.449) 7.629.414 7.487.369 23. Cash at bank and in hand 24. Borrowings 2021 2020 € € Current borrowings Bank overdrafts (Note 23) 6.729 - For the purposes of the statement of cash flows, the cash and cash equivalents include the following: The exposure of the Authority to credit risk and impairment losses in relation to cash and cash equivalents is reported in note 6 of the financial statements.

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