I. Cash and cash equivalents

(€m)  31.12.201531.12.2014Change
Bank and post office deposits 109,959 126,299 (16,340)
Cash and equivalents on hand 51,875 56,942 (5,067)
Total 161,834 183,241 (21,407)

“Bank and post office deposits” decreased with respect to 31 December 2014 due a better and efficient management of bank account balances.

“Cash and equivalents on hand” include cash floats at stores and amounts in the process of being credited to bank accounts. The amount may vary substantially depending on the frequency of pick-ups for deposit, which are generally handled by specialized third-party carriers.

The statement of cash flows presents the various sources and uses of cash that contributed to the change in this item.