7. Cash and cash equivalents

Cash and cash equivalents, which amount to €34 million (€17 million at 31 December 2015), relate to current account deposits with credit institutions and mainly refer to Gasrule Insurance DAC, the Group’s captive insurance company (€21 million) and Snam S.p.A. (€12 million).

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.