| 16 Cash and cash equivalents | 31.12.2009 | 31.12.2010 | |
| Sight funds | 297,249 | 348,663 | |
| Cash invested for less than 90 days | 37,133 | 1,312 | |
| Total | 334,382 | 349,975 | |
All cash and cash equivalents fall into the category “Loans and receivables” and are measured at amortised cost.
The average interest rate for credit in CHF was 0.2 % (previous year: 0.2 %) and 0.6% for credit in EUR (previous year: 0.6 %).
| Cash and cash equivalents are held in the following currencies: | 31.12.2009 | 31.12.2010 | |
| Swiss francs | 196,121 | 156,739 | |
| Euros (translated) | 133,551 | 191,186 | |
| Other currencies (translated) | 4,710 | 2,050 |
All positions are freely disposable or are due within 90 days. The carrying amounts correspond approximately to the fair values.
| Cash and cash equivalents for cash low statement CHF thousands | 31.12.2009 | 31.12.2010 | |
| Cash and cash equivalents | 334,382 | 349,975 | |
| Negative overdrafts | - | - 5,708 | |
| Total | 334,382 | 344,267 | |
The negative overdrafts are liabilities owed to banks which may fall due at any time and which are integrated into the payment transactions of the Group companies. These are disclosed under current financial liabilities (note 23).