Note 5. Cash and Cash Equivalents
For the purposes of the statement of cash flows, cash includes cash on hand and in banks and cash equivalents, which are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value, with a maturity date of three months or less at their acquisition date. Cash and cash equivalents at the end of the reporting period consists of the following:
| 2017 | 2016 | |||||||
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Cash and bank balances |
Ps. | 9,497 | Ps. | 5,429 | ||||
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Cash equivalents (see Note 3.5) |
9,270 | 5,047 | ||||||
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| Ps. | 18,767 | Ps. | 10,476 | |||||
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As explained in Note 3.3, Venezuela’s operation was deconsolidated. At December 31, 2017, cash and cash equivalent balances of the Venezuela’s operations were Ps.170.