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22 Cash, cash equivalents and
time deposits

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€ million

 

Dec. 31, 2011

 

Dec. 31, 2010

Bank balances

 

18,057

 

18,625

Checks, cash-in-hand and call deposits

 

234

 

45

 

 

18,291

 

18,670

Bank balances are held at various banks in different currencies and include time deposits (see also note 30).

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