Pearson Annual Report and Accounts 2010 - Notes to the company financial statements

Financial statement
- Group accounts
- Parent company accounts
  - Company balance sheet
  - Company statement of changes in equity
  - Company cash flow statement
  - Notes to the company financial statements

Notes to the company financial statements

< Previous 3. Financial risk management

Next > 5. Financial liabilities – Borrowings

4. Cash and cash equivalents (excluding overdrafts)

All figures in £ millions	2010	2009
Cash at bank and in hand	2	2
Short-term bank deposits	942	122
	944	124

Short-term bank deposits are invested with banks and earn interest at the prevailing short-term deposit rates.

At the end of 2010 the currency split of cash and cash equivalents was US dollar 86% (2009: 26%), sterling 13% (2009: 72%), euro 0% (2009: 2%) and Hong Kong dollar 1% (2009: 0%).

Cash and cash equivalents have fair values that approximate to their carrying amounts due to their short-term nature.

Cash and cash equivalents include the following for the purpose of the cash flow statement:

All figures in £ millions	2010	2009
Cash and cash equivalents	944	124
Bank overdrafts	(534)	(419)
	410	(295)