14. Cash and Cash Equivalents

Group

RTÉ

2020

2019

2020

2019

€’000

€’000

€’000

€’000

Current Assets

Bank balances

49,165

40,149

36,487

33,194

Call deposits

28,000

-

28,000

-

Total cash and cash equivalents

77,165

40,149

64,487

33,194

Weighted average interest rate

(0.34)%

0%

(0.34)%

0%

Bank balances include €5.2 million (2019: €9.2 million) in respect of amounts held in the Independent Programmes account in accordance with Section 116 of the Broadcasting Act 2009.

The Group’s exposure to interest rate risk and a sensitivity analysis for financial assets and liabilities are disclosed in note 23.