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| 2009 £000 |
2008 £000 |
|
|---|---|---|
| Cash at bank and in hand | 38,491 | 32,467 |
| Short-term deposits | 87,673 | 50,382 |
| Net cash and cash equivalents per cash flow | 126,164 | 82,849 |
Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates. The fair value of cash and short-term deposits is £126,164,000 (2008 — £82,849,000).
