On 31 December 2009 and 2008, this item had the following composition:
|
Bank deposits |
2009 |
2008 |
|
Demand deposits |
410,079 |
383,574 |
|
Term deposits |
86,350,000 |
91,550,000 |
|
Total |
86,760,079 |
91,933,574 |
Unit: euros
The policy followed by ICP-ANACOM in the management of available funds has been characterized by financial applications in term deposits, thus minimizing risk, diversifying them among several bank institutions where ICP-ANACOM holds an active account and which have been rated as investment grade A or above, according to one of the main rating agencies.
Note that these applications are not available in their entirety to ICP-ANACOM, in economic terms, insofar as they cover provisions for ongoing legal proceedings, which amounted as on 31 December 2009, to 49,320 thousand euros and provisions for healthcare of staff covered under the Health scheme of the Instituto das Obras Sociais dos CTT (CTT Institute for Social Works) amounting to 2.4 thousand euros. In addition, this Authority also has a balance of Statutory Capital Reserves amounting to 36.1 thousand euros.
