Cash and cash equivalents

12 Months Ended

Dec. 31, 2019

Cash and cash equivalents [abstract]

Disclosure of cash and cash equivalents [text block]

9      Cash and cash equivalents

Cash and cash equivalents comprised the following:

	As of
In thousands of EUR	December 31, 2019	December 31, 2018
Cash at bank and in hand	52,729	100,635
Short-term deposits	117,292	—
Total Cash and cash equivalents	170,021	100,635

Cash at banks earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.

There is no restricted cash on cash and cash equivalents at December 31, 2019 (December 31, 2018: nil).

While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified expected credit loss was immaterial.