23 Cash, cash equivalents and time deposits
€ million |
Dec. 31, 2020 |
Dec. 31, 2019 |
||
---|---|---|---|---|
|
|
|
||
Bank balances |
33,403 |
25,264 |
||
Checks, cash-in-hand, bills and call deposits |
507 |
659 |
||
|
33,909 |
25,923 |
Bank balances are held at various banks in different currencies and include time deposits, for example.