17 Cash and cash equivalents

	2023		2022
	AED’000		AED’000
Cash balances
Cash on hand	7,033		8,407
Due from banks with original maturities of less
than three months
Placements with banks	–		110,504
Call accounts	27,051		192,632
Current and demand accounts	41,728		86,652
Balance with the Central Bank of the UAE	213,637		362,292
Restricted cash balances*	6,000		6,000
	288,416		758,080
Due to banks and other financial institutions with
original maturity of less than three months	(32,795)		(30,059)
Other restricted cash balances*	(6,000)		(6,000)
Net cash and cash equivalents	256,654		730,428

 

*Restricted cash represents deposits with CBUAE amounting to AED 6,000 thousand (2022: AED 6,000 thousand).