NOTE 3:- | CASH AND CASH EQUIVALENTS |
| a. | Composition |
| December 31 | |||||||||
| 2017 | 2016 | ||||||||
| NIS in millions | |||||||||
| Cash in banks and on hand | 487 | 924 | |||||||
| Cash equivalents - short-term deposits | 467 | 596 | |||||||
| 954 | 1,520 | ||||||||
| b. | Part of the cash in banks bears floating interest based on daily bank deposits rates (as of the reporting date – up to 0.25%). |
| c. | Deposits in the amount of NIS 462 million earn annual interest at the rate of up to 11.0%, the rest of the deposits earn annual interest at negligible rate, based on their respective term. |
| d. | As for the linkage basis of cash and cash equivalents, refer to Note 35. |