16 Cash and cash equivalents

GroupCompany
2016
£m
2015
£m
2016
£m
2015
£m
Cash at bank and in hand4.84.5
Short-term bank deposits208.8239.5
Cash and short-term deposits213.6244.0
Book overdrafts (included in borrowings, see note 17)(31.5)(24.3)(0.5)(0.4)
Cash and cash equivalents in the statement of cash flows182.1219.7(0.5)(0.4)

Cash and short-term deposits include cash at bank and in hand, deposits, and other short-term highly liquid investments which are readily convertible into known amounts of cash and have a maturity of three months or less. The carrying amounts of cash and cash equivalents approximate their fair value.

Book overdrafts, which result from cash management practices, represent the value of cheques issued that had not cleared as at the balance sheet date.