19. Cash and cash equivalents
Cash and bank balances at 31 December 2024 amounted to €449 million and were fully at the free disposal of the company (31 December 2023: €460 million, fully at the free disposal of the company).
The Group’s interest rate risk and a sensitivity analysis for financial assets and liabilities are given in note 26.
Accounting policy
Cash and cash equivalents are stated at fair value, which is normally the same as the nominal value.