4.1 Cash and cash equivalents

CHF million

31.3.2025

31.3.2024

Cash on hand

1.6

1.2

Current bank accounts

460.1

512.2

Term deposits

225.2

0.2

Total

686.9

513.6

Bank accounts and term deposits are mainly denominated in CHF, EUR and USD. The assessment on the credit risk related to cash and cash equivalents is disclosed in Note 4.7.

Accounting policies

Cash and cash equivalents includes cash on hand and cash at banks, bank overdrafts, term deposits and other short-term highly liquid investments with original maturities of three months or less. The consolidated cash flow statement summarizes the movements in cash and cash equivalents.