Bank deposits with maturities of less than 3 months
Cash in hand and at bank
Cash and cash equivalents total
Some of the funds, EUR 329 (1,040) thousand, are located in Nigeria, from where they cannot be freely transferred to other countries without a notable delay caused by the country’s central bank. In financial year 2016, the Group repatriated funds from Nigeria in an unusual manner. Because the central bank was lacking in foreign exchange reserves, currency was exchanged through local companies that had foreign exchange earnings.