4 Cash and Cash Equivalents

Cash and Cash Equivalents

2017 2016
AED’000 AED’000
Cash balances  
Cash in hand 11,437 7,388
Restricted cash balances*

6,000

6,000

17,437

13,388

Due from banks with original maturities of less than three months  
Current and demand accounts 110,761 131,438
Balance with UAE Central Bank 24,185 19,654
Placements with banks 331,309 260,309
Wakala deposits with banks 6,000
Call accounts

234,777

359,994

701,032

777,395

Due to banks and other financial institutions with original maturity of less than three months (23,831) (47,175)
Other restricted cash balances* (6,000) (6,000)
 Cash and cash equivalents
 688,638
 737,608

*Restricted cash represents deposits with insurance authority to AED 6,000 thousand (2016: AED 6,000 thousand)