19. Cash and cash equivalents

EUR 1,000 2016 2015

Bank deposits with maturities of less than 3 months
Cash in hand and at bank 3,503 5,868
Cash and cash equivalents total 3,503 6,433

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.