7. Cash and cash equivalents
Cash and cash equivalents, which amount to €17 million (€74 million at 31 December 2014), relate to current account deposits with credit institutions and mainly refer to Gasrule Insurance Ltd, the Group’s captive insurance company (€15 million). The change compared with 31 December 2014, amounting to €57 million, mainly reflects the use of the deposit account (€47 million) created in 2014 to close the acquisition by Italgas S.p.A. of 51% of Acam Gas S.p.A.10 on 1 April 2015.
Cash and cash equivalents are not subject to any usage restrictions.
A comprehensive analysis of the financial situation and major cash commitments during the year can be found in the cash flow statement.