9Cash and cash equivalents
Cash at bank and in hand
Bank deposits with original maturity of less than three months
Cash and cash equivalents The carrying amount approximates to fair value because of the short-term maturity of these instruments, being no greater than three months.
The effective interest rate on bank deposits (with original maturity of less than three months) outstanding as at 31 December 2009 was 1.5% and these deposits had an average maturity of 27 days.