4 Cash and cash equivalents

Cash and cash equivalents, up to €21 million (€17 million at 31 of December, 2015), are mainly related to and available for the company Gasrule Insurance DAC for the exercise of the insurance activities of the group.

The book value of cash and cash equivalents approximates to their fair value. They are not subject to any usage restrictions.

A comprehensive analysis of the financial status and major cash commitments during the period can be found in the cash flow statement.